Middle East ETF News Older than One Year
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
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
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