Middle East ETF News Older than One Year
Abu Dhabi bourse fails to crack 5,000
February 27, 2014--The Abu Dhabi Securities Exchange General Index (ADXGI) fell 0.54 per cent to close at 4,958.66 points on Thursday, February 27.
Sharjah Islamic Bank surged 5.24 per cent to AED2.21. Dana Gas recovered some ground and edged up by 2.35 per cent to AED0.87. Despite the rally at GCC markets, Emirates NBD remains bullish.
Source: AME Info
Qatar market falls further
February 27, 2014--The QE 20 Index in Doha declined by 0.57 per cent to 11,771.83 points on Thursday, February 27.
Market bellwether Industries Qatar lost 0.51 per cent, falling to QAR196. Qatar Navigation Company, also known as Milaha, dived by 4.70 per cent to QAR91.50.
Source: AME Info
Banks gain, Arabtec retreats at Dubai market
February 27, 2014--The Dubai Financial General Index (DFMGI) opened strongly, advanceed 0.53 higher at 4,220.45 points on Thursday, February 27.
In the first two months of 2014, the gauge has gained over 25 per cent. Commercial Bank of Dubai and Emirates NBD gained 7.94 per cent and 4.22 per cent, respectively.
Source: AME Info
Regulator suspends Arabtec shares
February 26, 2014-Dubai's stock market regulator has requested the suspension of Arabtec shares trading from the start of formal trading on Wednesday, Reuters has reported.
No reason was provided for the suspension of trading.
Source: AME Info
Tadawul market lacklustre
February 26, 2014--The Tadawul All Share Index closed insignificantly lower at 9,058.54 points on Wednesday, February 26.
SABIC was down by 0.44 per cent at SAR114. Advanced Petrochemical fell by 1.83 per cent to SAR43.20.
Source: AME Info
Taqa gains as CEO announces resignation
February 26, 2014--The Abu Dhabi Securities Exchange General Index (ADXGI) rose by 0.54 per cent to close at 4,985.49 points on Wednesday, February 26.
Abu Dhabi National Energy Corporation (Taqa) added 0.70 per cent, reaching AED1.47.
Source: AME Info
Dubai market index struggles to reach 4,200 points
February 26, 2014--The Dubai Financial General Index (DFMGI) opened strongly, but eventually lost steam and closed unchanged at 4,198.07 points on Wednesday, February 26.
Commercial Bank of Dubai, the number nine among lenders in the UAE, jumped five per cent to close at AED6.30. Gulf General Investment Company advanced by 2.42 per cent to AED2.12.
Source: AME Info
Profit booking weighs on Qatari blue chips
February 26, 2014--The QE 20 Index in Doha fell by 0.16 per cent to 11,836.83 points on Wednesday, February 26.
Qatar National Bank, the biggest lender in the GCC region by market capitalization, lost 1.53 per cent, falling to QAR193.30. Industries Qatar lost 0.56 per cent to QAR197.
Source: AME Info
Bahrain banks keep bourse at bay
February 26, 2014--The Bahrain All Share Index closed 0.65 per cent lower at 1,377.53 points on Wednesday, February 26.
Bahrain Duty Free surged by 5.81 per cent, while Arab Banking Corporation fell the most, ending down by 7.14 per cent. Islamic bank Al Baraka Banking Group closed even.
Source: AME Info
7 in 10 UAE investors to invest in equities, Schroders survey suggests
February 26, 2014--Seven in 10 of UAE's investors, who are among the most optimistic about investment opportunities this year, are looking to place funds in equities and not surprisingly, after a solid 2013 when Dubai stock market outperformed to have the second best return in the world, they continue to have more faith in the markets of the Middle East, according to a report of Schroders to be released in Dubai today.
Close to three quarters (72%) of the investors said that they are more confident about investment prospects in 2014 than last year, with 61 per cent saying that they intend to increase the amount they invest in the next 12 months, while only 16 per cent plan to reduce levels of investment, an analysis of Schroders Global Investment Trends Report February 2014 reveals.
Source:Zawya
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