Middle East ETF News Older than One Year
Mideast Stocks: Positive earnings end Saudi losing streak, COMI weighs on Egypt
July 25, 2019-Strong corporate earnings helped Saudi Arabia's stock market snap five days of losses, while top lender Commercial International Bank weighed on the Egyptian bourse.
In Saudi Arabia, the index bounced back 0.4%, with Saudi Arabian Mining Company jumping 6.5%, and Sahara International Petrochemical (SIPCHEM) climbing 5.2% after it reported flat quarterly profit of 210.9 million riyals ($56.2 million) beating EFG Hermes' forecast of 188 million.
Source: Zawya.com
Mideast Stocks: Real estate shares boost Dubai, banks aid Saudis
July 24, 2019--Dubai stocks rose on Wednesday, led by property shares, for a third consecutive day of gains. Financial stocks helped Saudi shares.
The Dubai index was up 0.2%.
Source: Zawya.com
GCC Equities Review: Inclusion stories drive Kuwait, Saudi markets higher
July 24, 2019--The stellar returns enjoyed by investors in equity markets in the United States during the first six months of this year have generally not been replicated in Gulf markets, with only Kuwait's Premier Market outperforming the S&P 500 index as investors bought into the country's largest stocks in anticipation of an upgrade by MSCI from frontier to emerging market status, which was confirmed late last month.
Source: Zawya.com
Mideast Stocks: Property shares lift UAE, blue-chips pressure Saudi
July 23, 2019--Gains in shares of property and contracting firms lifted Dubai and Abu Dhabi stocks in early trade on Tuesday, while weak earnings from blue-chips weighed on the Saudi bourse.
The Dubai index gained 0.7%, boosted by Emaar Properties, which rose a further 1.6%.
Source: Zawya.com
Mideast Stocks: Abu Dhabi extends gains, Dubai lifted by real estate
July 22, 2019--Abu Dhabi's stock market rose for a fifth straight session on Monday, led by its biggest lender after strong second-quarter results, while real estate shares buoyed Dubai's bourse.
Source: Zawya.com
Mideast Stocks: Gulf tensions weigh on Saudi market, Abu Dhabi extends winning streak
July 22, 2019--Saudi Arabia's stock market dropped on Monday as banks and petrochemical shares weighed on the index against a backdrop of political tensions in the region, while Dubai and Abu Dhabi bourses rose sharply on gains in their blue-chip stocks.
Source: Zawya.com
Mideast Stocks: Tanker incident weighs on Saudi, profit taking hurts Kuwait
July 21, 2019--Saudi Arabia's stock index declined on Sunday, as political concerns weighed on investors after Iran's seizure of a British-flagged tanker in the Gulf.
Britain called Iran's action against the Stena Impero in the Strait of Hormuz on Friday a "hostile act".
Source: Zawya.com
Boursa Kuwait outperforms GCC markets in Q2-NBK
July 20, 2019-- Boursa Kuwait outperformed GCC markets during the second quarter of 2019, surging 3.8% versus 0.5% for the regional markets, according to a report released on Saturday by the National Bank of Kuwait (NBK).
For the second quarter as a whole, the Kuwait market's performance was strong relative to peers, up 3.8% versus 0.5% for the GCC.
Source: Zawya.com
Mideast Stocks: Abu Dhabi shares surge 4% thanks on FAB's strong earnings
July 18, 2019--Abu Dhabi stocks leapt 4% on Thursday, their biggest intra-day gain in nearly four months, led higher by the United Arab Emirates' largest lender First Abu Dhabi Bank (FAB) which surged 6.5% on strong second-quarter earnings.
Source: Zawya.com
Mideast Stocks: Abu Dhabi outperforms thanks to banks, other Gulf markets mixed
July 18, 2019--Stocks in the United Arab Emirates surged on Thursday, outperforming most major Gulf markets, boosted by strong earnings at top lenders.
In Abu Dhabi, the index closed 2.7% higher, buoyed by First Abu Dhabi Bank (FAB), which rose 4% to its highest level since May after posting a 5% rise in second-quarter net profit.
Source: Zawya.com
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