Middle East ETF News Older than One Year
du shares dive on fourth quarter profit decline
February 18, 2014--The Dubai Financial General Index (DFMGI) closed 1.33 per cent lower at 4,167.75 points on Tuesday, February 18, as trading volumes remained at bullish levels.
Emaar gained 3.27 per cent to AED8.84 after Moody's upgraded the Middle East region's biggest developer credit rating from Ba3to Ba1. Telecom operator du plummeted 5.63 per cent to AED6.20.
Source: AME Info
Bahrain's Arab Banking Corporation jumps as annual profit rebounds
February 18, 2014--The Bahrain All Share Index advanced the fifth session straight, closing 1.10 per cent higher to 1,347.28 points on Tuesday, February 18.
Arab Banking Corporation (ABC) gained 6.67 per cent, finishing at $0.40. Earlier in the day, ABC said its consolidated group net profit for the year ending 2013 was $239 million, a 17 per
Source: AME Info
Saudi bourse index fails to cross 9,000
February 17, 2014--The Tadawul All Share Index ended 0.34 per cent lower at 8,939.88 points on Monday, February 17.
SABIC fell by 0.88 per cent to SAR112.25. National Gas and Industrialization Company gained 1.14 per cent, reaching SAR26.70. The firm said earlier in the day that its net income amounted to SAR113.9 million in 2013, translating into ...
Source: AME Info
Bahrain bourse gains the third session straight
February 17, 2014--The Bahrain All Share Index advanced by 0.68 per cent to reach 1,332.63 points on Monday, February 17.
Like in the previous sessions, lenders were leading the market's advance. Salam Bank edged up by 9.82 per cent to BD0.179. Bank Al Baraka gained 3.51 per cent to $0.885. Islamic bank Ithmaar failed to the join...
Source: AME Info
Industries Qatar soars despite lower annual profit
February 17, 2014--The QE 20 Index advanced by 1.54 per cent to 11,724.20 points on Monday, February 17.
Market bellwether Industries Qatar jumped by 7.40 per cent to QAR193.10. Earlier in the day, the market heavyweight said that the financials revealed a net profit of QAR8 billion ($2.16bn) in 2013 versus QAR8.4bn ($2.26bn) in 2012 and the...
Source: AME Info
Higher costs diminish Gulf Medical Projects Company profits
February 17, 2014-The Abu Dhabi Securities Exchange General Index (ADXGI) closed 0.24 per cent lower at 4,880.06 points on Monday, February 17.
Market bellwether, Etisalat, closed flat at AED11.80. Gulf Medical Projects Company (GMPC) also ended even, at AED2.70. Earlier in the day, the firm said that its net income for 2013 amounted to AED70.7 million ($19.28m),...
Source: AME Info
Dubai developers rise as bank shares fall back
February 17, 2014--The Dubai Financial General Index (DFMGI) closed 0.63 per cent higher at 4,224.01 points on Monday February 17, as trading volumes remained at bullish levels.
Emaar Properties edged up by 1.18 per cent to AED8.55. After the market closed, Emaar said it netted in 2013 an (unaudited) income of AED2.568 billion or US$699 million, up ...
Source: AME Info
Egypt: Egypt Bourse Gains Egp 1.9 Billion
February 17, 2014--The Egyptian Stock Exchange (EGX) made more profits at the end of trading on Thursday 13/02/2014,
backed by intensive purchases by Arab and foreign investors along with the Egyptian institutions.< href="http://allafrica.com/stories/201402172023.html" TARGET="_top">view more
Source: AllAfrica.com
DSI falls back despite profit surge and record-high backlog
February 13, 2014--The Dubai Financial General Index DFMGI closed 1.29 per cent higher at 4,073.56 points, on Thursday February 13.
Arabtec, as the most liquid share, ended up 0.40 per cent higher at AED4.99. Drake and Scull International (DSI) declined by 0.56 per cent to AED1.79. Earlier in the day, DSI said that its net income in ...
Source: AME Info
Ahli United Bank helps private banking clients to invest in London
February 13, 2014--The Bahrain All Share Index gained 0.23 per cent to 1,317.94 points on Thursday, February 13.
Cinema climbed the most, ending ten per cent higher at BD1.43. Ahli United Bank (AUB) slipped by 1.88 per cent to $0.785. Earlier in the day, AUB said that it recently updated its private banking clients about property investments...
Source: AME Info
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