Middle East ETF News Older than One Year
Tadawul share value plunges 26.8% in Oct
November 4, 2013--The value of shares traded on Tadawul stock market reached SR83.75 billion 1.50 million transactions executed during October 2013.
At the end of October 2013, Tadawul All Share Index (TASI) closed at a level of 8,044.47, gained 79.56 points (1 percent) over the close of the previous month. On an YTD basis, TASI registered a positive increase of 18.28 percent (1,243.25 points). Highest close level for the index during the month was 8,170.75 as on Oct. 24.
Source: Zawya
Share of petchem sector falls 30%
November 4, 2013--Share of petrochemical sector dropped to 30 percent of the overall profits achieved by the listed firms in Q3, 2013, according to a financial report.
Profits of the listed companies grew by 11 percent to hit SR30 billion in Q3 compared to SR27 billion in the same period last year.
According to the report, prepared by Al-Eqtisadiah daily, the share of petrochemical sector stood at 34 percent of SR26.9 billion profits achieved by the listed companies in Q3, 2012.
Source: Zawya
Positive global equities inspire MSM
November 3, 2013--US and Asian markets closed on a positive note last week following better-than-expected US and Chinese manufacturing data.
And the Muscat Securities Market general index traced the global equity market strength and edged higher by 0.26 per cent before closing at 6,691.63 on Sunday.
Trading activity improved from last week's closing as a total of 2,077 trades were executed, generating a turnover of RO9.33mn, while 34.92mn shares were exchanged over the counters. Market breadth stood in favour of advancers as of the 46 securities traded for the day 22 advanced while four declined and 20 stocks remained unchanged.
Source: Zawya
Qatar Exchange Roundup: QE rebounds, index back to pre-Eid vacation levels
November 3, 2013--Supported by blue chip stocks, Qatar Exchange's ( QE ) market capitalisation increased by QR10.6bn to QR533.1bn last week.
Total trade dropped by 3.3 percent to QR1.45bn, with the presence of special deals between more than one company.
The benchmark index rose by 185 points, up1.92 percent to reach 9837.5 points. The all-share indexes rose by 43.7 points or 1.80 percent to 2466.7
Source: Zawya
TASE Opens Supersectors
October 30, 2013--In recent years the Tel Aviv Stock Exchange (TASE) has endeavored to realize its high tech vision of developing TASE as an international center for the listing and trading of tech and "biomed" companies.
Some 135 high tech companies currently trade on TASE. As part of the implementation of this strategic vision, TASE industrial classifications have been adjusted to those accepted by index vendors and data disseminators worldwide, facilitating the comparison between markets. In addition, four supersectors have been defined: High Tech; Finance, Real and Financial Instruments. Based on their sectoral classification, TASE-listed companies will be classified according to these supersectors as well.
Source: Tel Aviv Stock Exchange (TASE)
MSM stays range bound on cautious trading
October 30, 2013--Regional markets ended mixed while limited participation from cautious investors saw another day of range bound trading on the Muscat Securities Market, as the general index inched up 0.11 per cent before closing at 6,663.72.
Trading activity fell below Tuesday's levels as a total of 1,900 trades were executed for the day, generating a turnover of RO9.72mn, while 33.58mn shares were exchanged over the counters. Market breadth stood in favour of advancers as of the 52 securities traded for the day 19 advanced while nine declined and 24 stocks remained unchanged.
Source: Zawya
KSE index gains, inches closer to 8,000 mark
October 30, 2013--Kuwait Stocks closed up Tuesday inching closer to the 8,000 mark with a 0.2% change.
The index climbed to 7,954.9 points. A total of 318.4 million shares changed hands. The market began with a dip Tuesday, as profit bookings continued from previous days' selling sentiments.
Source: Zaywa
Saudi retail stocks prolong slide
October 30, 2013--The Saudi stock market continued its downward momentum and fell for a third consecutive session Tuesday.
Saudi Arabia's benchmark stock index (TASI) tumbling more than one percent and trimming back the 8,000-mark finished at 7,972.59 points.
Source: Zawya
UAE shares fall on profit-taking
October 29, 2013--UAE shares failed to hold on to its rally on Monday as investors booked profits.
Dubai's DFM index fell 0.38 per cent to 2912.83 points, after touching a five-year high on Sunday.
The index hit an intraday high of 2935 points and a low of 2902.38 points on Monday.
Source: Gulfnews.com
Small caps back in favour as MSM closes flat
October 29, 2013--Small caps gained investor interest as trading activity improved significantly on the Muscat bourse while the general index traded range bound before closing at 6,656.40.
A total of 2,374 trades were executed for the day generating a turnover of RO13.58mn while 51.40mn shares were exchanged over the counters. Market breadth stood in favour of advancers as of the 54 securities traded for the day 20 advanced while eight declined and 26 stocks stood unchanged.
Source: Zawya
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