Middle East ETF News Older than One Year
On March 9th TASE Launches New Tel Bond-Composite Index
March 6, 2014--The Tel Aviv Stock Exchange (TASE) is launching a new bond price index, the Tel Bond-Composite index, which comprises all investment-grade bonds (BBB- or higher) which meet the criteria for index constituency. The index will be launched on 9 March 2014.
The Tel-Bond indices attract avid interest, creating demand for products tracking these indices. The TASE staff examined various alternatives to launch additional Tel-Bond indices and in the process the need to launch an index which reflects the return on the entire corporate bond market became apparent.
Source: Tel Aviv Stock Exchange (TASE)
Saudi bourse advances despite negative market breadth
March 5, 2014--The Tadawul All Share Index gained 0.14 per cent to close at 9,161.33 points on Wednesday, March 5.
Market leader SABIC closed flat at SAR114.50. Al-Ahlia Insurance Company jumped by 9.69 per cent to SAR70.75. Allianz Saudi Fransi Cooperative Insurance Company recorded the biggest day-loss, finishing three per cent lower at SAR64.75.
Source: AME Info
Bahrain market stabilises further
March 5, 2014--The Bahrain All Share Index added 0.13 per cent to end at 1,369.56 points on Wednesday, March 5.
Bahrain Telecom (Batelco) plummeted by 6.43 per cent to BD0.32. Islamic bank Al-Salam Bahrain was the top gainer as the share surged by 9.37 per cent to BD0.21.
Source: AME Info
Etisalat slips after releasing annual results for 2013
March 5, 2014--The Abu Dhabi Securities Exchange General Index (ADXGI) advanced by 0.36 per cent to close at 4,938.07 points on Wednesday, March 5.
Fish producer Asmak jumped by 12.71 per cent to AED10.20. The shares of Emirates Telecommunication Corporation (Etisalat) declined by 0.35 per cent to AED12.
Source: AME Info
Qatar diplomatic rows weigh on Dubai market
March 5, 2014--After a friendly opening, the Dubai Financial General Index (DFMGI) lost 0.50 per cent to 4,100.71 points on Wednesday, March 5.
Source: AME Info
Qatar market dives as the UAE, Saudi Arabia and Bahrain withdraw their ambassadors
March 5, 2014--The Qatar Exchange Index in Doha closed 2.06 per cent lower at 11,349.20 points on Wednesday, March 5.
Earlier in the day, the three Gulf states-the UAE, Saudi Arabia and Bahrain-said in a joint statement released by the UAE official news agency, WAM, that they have decided to call back their...
Source: AME Info
Eased tensions in Ukraine boost Saudi market
March 4, 2014--The Tadawul All Share Index gained 1.43 per cent to close at 9,148.73 points on Tuesday, March 4.
The buyers came back after Russia's president Vladimir Putin told the media in Moscow that he would not consider a military invasion in the Crimea.
Source: AME Info
Bahrain bourse halts five-day losing streak
March 4, 2014--The Bahrain All Share Index rebounded by 0.21 per cent to reach 1,367.83 points on Tuesday, March 4.
Arab Banking Corporation surged by 2.04 per cent to $0.50. There was no losing share. Al Salam Bank Bahrain advanced by 1.05 per cent to BD0.192.
Source: AME Info
Selling pressure continues at Qatar bourse
March 4, 2014--The Qatar Exchange 20 Index declined for the fifth consecutive day as the gauge lost 0.65 per cent, falling to 11,588.24 points on Tuesday, March 4.
Mesaieed fell the most, ending off by ten per cent (limit down) at QAR40.10. Medicare surged by 4.03 per cent to QAR67.10. Doha Bank dived by 9.10 per cent,...
Source: AME Info
Abu Dhabi shares rebound across the board, banks end mixed
March 4, 2014--The Abu Dhabi Securities Exchange General Index (ADXGI) surged by 1.29 per cent to close at 4,920.42 points on Tuesday, March 4.
Abu Dhabi National Takaful jumped by 14.30 per cent to AED8. Green Crescent Insurance Industry plummeted by ten per cent to AED1.35....
Source: AME Info
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