Middle East ETF News Older than One Year
du shares gain as telecom operator refinances debt
March 4, 2014--After an alleged ultimatum imposed by Russia on the Ukraine was revealed to be a media hoax, the markets recovered ground, while oil prices retreated.
Russia's president Vladimir Putin said, at the moment, military intervention is not necessary. The Dubai Financial General Index (DFMGI) advanced 0.37 per cent to 4,120.95 points on Tuesday, March 4.
Source: AME Info
DFM Company shareholders approve financial statements for the year 2013
March 4, 2014--Shareholders to receive cash dividend of AED 400 million, equivalent to 140% of the net profit of the year
The Dubai Financial Market (DFM) "PJSC" shareholders approved the Balance Sheet and Income Statement for the fiscal year ending December 31st 2013, during the Ordinary Annual General Meeting held today, March 3rd 2014, and headed by HE/ Essa AbdulFattah Kazim, Chairman of the company. DFM shareholders also ratified the Board of Director’s report on the...
Source: AME Info
Crimea crisis kills Dubai market rally
March 3, 2014--The Dubai Financial General Index (DFMGI) closed 1.88 per cent lower, falling to 4,105.90 points on Monday, March 3.
Signs of an escalation in the Crimea crisis weighed on the investors’ sentiment. Amid a possible military intervention by Moscow to protect Russian citizens living on the peninsula, oil prices (DME Oman crude) surged by more...
Source: AME Info
Abu Dhabi shares fall across the board
March 3, 2014--The Abu Dhabi Securities Exchange General Index (ADXGI) declined by 1.75 per cent to close at 4,857.79 points on Monday, March 3.
Food and beverages firm Agthia gained the most, closing 1.11 per cent higher at AED4.55. United Arab Bank posted the biggest drop, ending off by 9.56 per cent at AED7.85.http://www.ameinfo.com/blog/finance-and-economy/abu-dhabi-shares-fall-across-board/>view more
Source: AME Info
Bahrain bourse follows weak global trend
March 3, 2014--The Bahrain All Share Index fell for the fifth consecutive session, ending down by 0.40 per cent at 1,364.94 points on Monday, March 3.
Stock markets in East and West came under pressure on Monday as the outcome of the crisis between Ukraine and Russia remained uncertain. Bank of Bahrain and Kuwait was the lone...
Source: AME Info
Sipchem starts production of electrical cables
March 3, 2014--The Tadawul All Share Index lost 0.76 per cent to close at 9,019.98 points on Monday,March 3.
Saudi International Petrochemical Co (Sipchem) declined by 1.70 per cent to SAR29.10. Earlier in the day, Sipchem, with reference to its announcement in Tadawul on October 17, 2011, announced its initial start-up of a cable insulation polymers...
Source: AME Info
Expansion strategy pays off for Qatar's Mannai Corporation
March 3, 2014--The Qatar Exchange 20 Index lost 0.92 per cent, falling to 11,664.02 points on Monday, March 3.
The market bellwether, Industries Qatar, lost 1.73 per cent, falling to QAR192.60. Mannai Corporation advanced by 0.47 per cent to QAR106.90. Earlier in the day, the supermarket chain and retailer said its net income in 2013 amounted to...
Source: AME Info
S&P Dow Jones Indices' Market Attributes: Index Dashboard Middle East
February 28, 2014--This month's highlight's include:
While the rest of the world has shown mixed performance so far in 2014, the majority of markets ended up in February.
Middle-eastern equities exemplified this strong performance: the S&P Pan Arab Composite LargeMid BMI was up 4% while the GCC 40 rose 7%.
Source: S&P Dow Jones Indices
Dar-Alarkan penalised for passing information to Reuters
February 27, 2014--The Tadawul All Share Index closed 0.53 per cent higher at 9,106.55 points on Thursday, February 27.
The shares of Dar-Alarkan Real Estate Development Company advanced by 0.42 per cent to SAR11.90.
Source: AME Info
Financials trigger third market index decline in a row at Bahrain bourse
February 27, 2014--The Bahrain All Share Index lost 0.35 per cent, finishing at 1,372.67 points on Thursday, February 27.
Insurance firm ARIG dived by 6.38 per cent to $0.44. Bahrain Telecom closed 1.18 per cent to BD0.344. Bahrain Flour Mills surged by 9.66 per cent to BD0.386. Islamic Bank Ithmaar ended unchanged at US$0.22.
Source: AME Info
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