Middle East ETF News Older than One Year
UAE shares end mixed
October 8, 2013--Dubai shares closed higher amid a big drop in trading volumes as investors retreat from the market ahead of the long Eid holidays next week.
The total volume of shares traded plunged 66.52 per cent to 461.09 shares with the value dropping from Dh1.09 billion to Dh497.86 million. Of the 27 stocks traded, 20 advanced, five declined and two remained flat.
Source: Zawya
Kuwait bourse ticks up as volume swells
October 7, 201300Kuwait stocks edged higher Monday, extending the gains to second straight session. The index rose 9.52 pts in lackluster pre-Eid trading to close at 7664.59 points.
Banks and most of the other heavyweights were muted even as the investors await the quarterly results. Some of the mid and low caps however shined on speculative buying. The KSX 15 benchmark eased 2.61 pts to 1088.01 points and has rallied almost 80 points in 2013 while the weighted index inched 0.47 points lower.
Source: Zawya
Qatar shares break 3-day rally on sell pressure
October 7, 2013--The Qatar Exchange yesterday opened the week weak after three consecutive days of a bullish spell.
An across-the-board selling-particularly in insurance,, telecom, consumer goods and transport-dragged the 20-stock Qatar Index (based on price data) by 0.30% to 9,731.50 points.
Source: AME Info
ADX signs agreement with Korea Exchange
October 7, 2013--Abu Dhabi Securities Exchange ( ADX ) said on Monday it has signed an agreement for comprehensive co-operation with Korea Exchange (KRX).
The agreement, signed by Deputy Chief Executive of ADX, Ghanem Al Dhaheri, in a ceremony in Seoul, provides the framework for ADX and KRX to work together on a number of joint ventures to enhance and develop the infrastructure and processes of ADX , the Abu Dhabi bourse said in a statement.
Source: Zawya
UAE shares decline as investors book profits ahead of Eid
October 7, 2013--UAE shares declined on Monday as investors booked profits ahead of next week's long Eid break amid no sign of any breakthrough in the US shutdown impasse.
Trading 1.38 billion shares with a value of Dh1.09 billion, the DFM General Index dropped 1.31 per cent to end at 2777.71. Of the 28 stocks traded, 20 declined, six gained and two remained flat.
Source: Zawya
DIFC reaches 1,000 company milestone
October 7, 2013--Dubai International Financial Centre (DIFC) announced on Sunday that over one thousand companies now operate from the centre.
As per DIFC Authority's operating figures for the first half of the year, the centre recorded 979 companies with a combined workforce of over 15,000 at the end of June 2013. The growth in the number of companies added in the third quarter stands at three per cent.
Source: Zawya
DFM declines, ADX gains
October 7, 2013--UAE stocks had a mixed day yesterday as Dubai declined and Abu Dhabi gained, both marginally, amid global uncertainty on US shutdown continuing and locally, no official confirmation coming on the merger of
the two bourses after last week's news reports that both hired banks to advise.
Source: Zawya.com
KSE stems 4-day slides, gains 30.43 pts
October 6, 2013--Kuwait stocks pulled higher Sunday, stemming the 4-day slide.
The index climbed 30.43 pts in slightly volatile trade to close at 7655 pts helped by speculative buying in some of the mid and low caps. The heavyweights however were mostly subdued even as the bourse heads towards the pre-Eid period.
Source: Zawya
Dubai Islamic Economy Strategy built on 7 pillars
October 6, 2013--Dubai's strategy to be the capital of the Islamic Economy in three years was launched on Saturday and is based on seven pillars.
These pillars include the establishment of Dubai as an international centre for Islamic finance, Halal industries, Halal tourism, the Islamic digital economy, the capital of Islamic art and design, a centre for Islamic economy standards and certification, and international centre for Islamic information and education.
Source: Zawya
GCC to expand 4.4% in 2014: IMF
Aggregate economic growth in 2013 for GCC will be at 3.7%
October 5, 2013-The economies of the six Gulf Arab monarchies will expand by 4.4 per cent in 2014, the International Monetary Fund said on Saturday, raising its earlier forecast for the oil-rich bloc.
The aggregate economic growth in 2013 for the Gulf Cooperation Council will be at 3.7 per cent, said Nemat Shafik, the IMF deputy managing director, in a meeting with the finance ministers of the member states in Riyadh.
Source: Emirates 24/7
If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.
