Middle East ETF News Older than One Year
Egypt bourse records highest level in 35 months, main index up 1.8 pct
December 13, 2013--The Egyptian Exchange (EGX) recorded its highest level in 35 months on Thursday amid intensive purchases by foreign and Egyptian investors.
The Egyptian Exchange (EGX) recorded its highest level in 35 months on Thursday amid intensive purchases by foreign and Egyptian investors.
Source: sis.gov.eg
Qatar shares edge up as index stays above 10,000 mark for 24th day
December 12, 2013--The Qatar Exchange was back on the positive trajectory; mainly lifted by real estate, telecom, transport and industrials stocks.
Substantially reduced selling by local retail investors and non-Qatari individuals' increased buying helped the 20-stock Qatar Index (based on price data) gain 0.28% to 10,486.23 points. The key index has been remaining above the 10,000 mark for the 24th consecutive day. However, domestic institutions turned bearish and their foreign counterparts were inclined towards higher selling in the market, which is up 25.45% year-to-date.
Source: Zawya
UAE stock markets end the week higher
December 12, 2013--UAE's stock markets ended the week in positive territory on Thursday as Dubai's benchmark index maintained its upward surge as investors continued to bet on real estate and construction stocks.
For the week, The Dubai Financial Market General Index (DFMGI) advanced 4.71 per cent and Abu Dhabi General Index (ADX) climbed 1.56 per cent.
Source: Zawya
UAE indices close lower
December 11, 2013--Real estate, banks and services were among the stocks which gained the most in the past few sessions.
In Abu Dhabi, the benchmark stock index decreased 0.83 per cent to 3,986.11 led by energy, real estate and banks. Of the 36 stocks traded, 20 declined, 11 gained and five remained flat.
Source: Zawya
Composition of TASE Equity Indices as of December 15th, 2013
December 10, 2013--As of December 15th, 2013 the composition of the equity indices will be updated.
Source: TASE
Israel's economy growing strongly but further efforts needed to improve living standards, says OECD
December 8, 2013--Israel's economy is in good shape, but further efforts are needed to fight poverty and close the gap in living standards with other leading nations, according to the OECD's latest Economic Survey of Israel.
The Survey, presented by OECD Secretary-General Angel Gurría to Prime Minister Benyamin Netanyahu during a cabinet meeting, underscores the importance of maintaining prudent macroeconomic frameworks and building momentum behind structural reforms, particularly in education, social and competition policies. It also calls on Israel to ensure that environmental externalities are more fully incorporated into government, household and business decisions.
Local retail investors' net buying of QR66mn lend support to the QE 20-stock Qatar Index (based on price data), which was up 0.14% in the week that otherwise witnessed Abu Dhabi gain 2.33%, Dubai (2.29%) and Muscat (0.64%), while Saudi Arabia, Bahrain and Kuwait fell 0.98%, 0.91% and 0.26% respectively.
Source: Zawya
DFM index decline the first time in six days
Both volume and turnover of the market decreased yesterday. The turnover declined to Dh619.06 million from the previous session’s Dh937.75 million. The total volume of shares traded also fell from 750.91 million to 540.15 million. Of the 32 stocks traded, 18 advanced, 12 retreated and two remained flat.
Source: Zawya
UAE markets close higher, escaping profit-taking anchor
Investors booked profits on selective stocks that had witnessed gains in past few weeks in the run up to the decision on Expo 2020 last week, which went in favour of the emirate.
Source: Zawya
UAE shares gain as investors remain bullish after Expo win
Monday's increase comes on the back of Thursday's high-volume trading, which saw Dubai's stock index receding after reaching an intraday high of 3,020 to finally end at 2,946. Markets were closed on Sunday on account of UAE's 42nd National Day.
Source: Gulf News
December 6, 2013--With earnings sessions round the corner, Qatar Exchange closed the week on a higher note, albeit on a slower pace.
December 4, 2013--UAE markets ended mixed on Wednesday, with the Dubai benchmark index dropping for the first time in six days amid investors waiting on the sidelines for more opportune levels to enter.
December 2, 2013--Dubai shares saw some volatile trading on Tuesday but the benchmark index managed to advance, even as the majority of stocks traded ended in negative territory.
December 2, 2013--UAE's stock measures gained on Monday as investors remained bullish after last week's Expo win, which brought to Dubai the rights to host the event in 2020.
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