Middle East ETF News Older than One Year
Qassim Cement rides high on Saudi construction bonanza
February 5, 2014--The Tadawul All Share Index gained 0.27 per cent to 8,792.80 points on Wednesday, February 5.
Qassim Cement jumped by 2.50 per cent, hitting SAR92.25. Earlier in the day, Qassim says it generated a net income of SAR585 million ($157.95m) in 2013, up by 4.30 per cent year on year. Qassim claims that the profit...
Source: AME Info
Kuwait bourse remains in stutter mode
February 5, 2014--The KSE Market Index failed to follow the general positive mood on GCC trading floors on Wednesday, February 5, slipping 7.57 points to 7,802.98. Zima Holding gained the most, ending up by 6.41 per cent to KD0.166.
Kuwait Finance House edged up by KD0.10, reaching KD0.830. National Bank of Kuwait lost 1.06 per cent to...
Source: AME Info
Qatar's retailer Al Meera dips, cancels MoU
February 5, 2014--The Qatar Exchange 20 Index gained 0.77 per cent, reaching 11,134.70 points on Wednesday, February 5 amid tailwind from East Asia, where market indices recovered slightly.
Qatar National Bank, the biggest lender in the GCC by assets, ended up by 0.50 per cent to QAR180. Al Meera Consumer Goods declined by 0.54 per cent to...
Source: AME Info
ADIB is the share of the day at Abu Dhabi bourse
February 5, 2014--The Abu Dhabi market index ADXGI rebounded by 0.60 per cent to hit 4,689.20 points on Wednesday, February 5.
Abu Dhabi Islamic Bank (ADIB) jumped by 6.25 per cent to AED7.65. Earlier in the day, the bank said group net profit for 2013 increased by 20.7 per cent to AED1,450.2 million, after taking credit provisions
Source: AME Info
UPP is up as market's top gainer
February 5, 2014--The Dubai Financial General Index DFMGI closed 1.65 per cent higher at 3,875.13 points on Wednesday, February 5.
Union Properties (UPP) jumped as the top gainer by 9.82 per cent to AED1.79. Earlier in the week, UPP said that it generated a net profit of AED1.579 ($430.597) in 2013, an eight-fold increase over 2012.
Source: AME Info
Merger due diligence concluded for DFM, ADX: report
February 5, 2014--The emirates of Abu Dhabi and Dubai have completed due diligence on a potential merger of the their two stock markets, bringing the combination a step closer, Bloomberg has reported, citing two people familiar with the matter.
The merger would come after the exchanges failed to attract local listings in 2013 and would create the ...
Source: AME Info
DP World gains on HSBC UAE PMI report
February 4, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 0.31 per cent higher at 3,723.23 on Tuesday, February 4.
Dubai Ports (DP) World surged by 1.11 per cent to $18. Earlier in the day, bank HSBC said that the headline purchasing managers index fell slightly from December's 57.4 to 57.1 in January, signalling a further improvement ...
Source: AME Info
Telecom giant Ooredoo dips on Standard & Poor's rating review
February 4, 2014-The Qatar Exchange 20 Index lost 0.89 per cent, falling to 11,049.69 points on Tuesday, February 4.
Ooredoo, formerly Qatar Telecom, slipped by 1.94 per cent to QAR146.20. Earlier in the day, Ooredoo said that Standard & Poor's revised its credit rating from investment grade A to A-, while the its outlook was raised to ...
Source: AME Info
Waha Capital net profit soar,, but shares fall
February 4, 2014--The Abu Dhabi market index ADXGI fell for the second session straight on Tuesday, February 4, and closed 0.36 per cent lower at 4,661.65 points.
Waha Capital dived by 5.86 per cent to AED2.73. Earlier in the day, Waha said that its net income in 2013 amounted to AED306.4 million ($83.55m), up by 43 per..
Source: AME Info
Dubai market rebounds despite bad US data as technical error halts trading
February 4, 2014--manufacturing data-which expanded in January at the weakest pace in eight months-and subsequent plummeting Asian markets.
However, the market managed the turnaround and ended in the green, closing 1.04 per cent higher at 3,812.15 points. Several attempts by AMEinfo.com to call the DFM or any DFM broker failed,
Source: AME Info
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