Middle East ETF News Older than One Year
Mideast Stocks: Poor earnings lead major Gulf markets lower
July 29, 2019--Major Gulf markets dropped on Monday as a string of disappointing corporate earnings hurt the investor sentiment in the region, with Saudi Arabia underperforming other bourses amid falling banking shares.
Saudi's index was down 0.7% as all its lenders slipped into negative territory with Al Rajhi Bank dropping 1.7% in the biggest drag on the index.
Source: Zawya.com
Mideast Stocks: Saudi rises for second straight session as Abu Dhabi winning streak ends
July 28, 2019-- Financial shares helped lift Saudi Arabia's stock market for a second consecutive session on Sunday, while top lender First Abu Dhabi Bank (FAB) weighed on the Abu Dhabi bourse, bringing an eight-session streak of gains to an end.
The Saudi index rose 0.5% with Al Rajhi Bank and Riyad Bank gaining 1% and 3.1% respectively.
Source: Zawya.com
Mideast Stocks: Banks hurt Saudi; Dubai continues to gain on Emaar
July 25, 2019--Saudi Arabia's stock market fell on Thursday, with Al Rajhi Bank, the country's second largest lender by assets, weighing on the index, while Dubai extended its series of gains on the back of top developer Emaar Properties.
Source: Zawya.com
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
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