Middle East ETF News Older than One Year
Monthly markets review: MENA markets plunge in May; Saudi stocks worst hit
June 13, 2019--Stock markets in the region dropped sharply in May as a plunge in oil prices and global markets weighed on investor sentiment. Trading activity was mainly subdued during the holy month of Ramadan.
The aggregate stock market index of the six Gulf Cooperation Council (GCC) countries + Egypt dropped 2.76 percent during the 31-day period.
Source: Zawya.com
Mideast Stocks: Major Gulf markets slide after suspected attack on tankers
June 13, 2019--All major Gulf stock markets dropped on Thursday after suspected attacks on tankers in the Gulf of Oman, with a missile strike by Yemen's Houthi rebels on a civilian airport in southern Saudi Arabia also weighing on risk sentiment.
Two tankers were hit in the suspected attacks and their crews were evacuated, shipping sources said. Four tankers in the region were struck in a similar incident a month ago.
Source: Zawya.com
Mideast Stocks: Banks bolster Saudi, financials drag Abu Dhabi
June 12, 2019--Saudi Arabia's stock market rose sharply for the fourth session on Tuesday, boosted mainly by its banking shares on expectations of further capital inflows, while Abu Dhabi was weighed down by financials.
The Saudi index was up 1.6% with all its banks gaining. Al Rajhi Bank added 1.5% and National Commercial Bank climbed 3.3%.
Source: Zawaya.com
Mideast Stocks: Oil price fall, renewed global woes weigh on Gulf stocks
June 12, 2019--Saudi's index was down 0.3% in early trading with Al Rajhi Bank dropping 0.8%
All major Gulf markets dropped on Wednesday, mostly with financial sector shares taking a hit from falling oil prices and renewed weakness in global equity markets.
Oil prices fell nearly 2% on Wednesday, weighed down by weaker demand outlook and a rise in U.S. crude inventories despite growing expectations of ongoing OPEC-led supply cuts.
Source: Zawya.com
Mideast Stocks: Saudi continues winning streak, other Gulf markets mixed
June 12, 2019--Dubai ends four-day winning streak
Saudi Arabia's stock market rose for a fifth straight session on Wednesday as nearly all its banks gained, while other major Middle Eastern markets were mixed.
Saudi's index closed 1.1% higher with National Commercial Bank, the country's largest lender, gaining 2.7% and Al Rajhi Bank adding 1%.
Source: Zawya.com
Mideast Stocks: Saudi rises for a fourth day, UAE markets retreat
June 11, 2019--Saudi Arabian shares rose for a fourth straight day on Tuesday on expectations of further capital inflows into the market, while Abu Dhabi and Dubai fell after rising in recent sessions.
The Saudi index was up 0.4% in early trading. Financials were the biggest boost with Al Rajhi Bank and Alinma Bank gaining 1% each. Saudi Telecom traded 1.3% higher.
Source: Zawya.com
A topsy-turvy May for GCC markets: Markaz
June 10, 2019----Kuwait Financial Centre "Markaz" recently released its Monthly Markets Review report.
Kuwait Financial Centre "Markaz" recently released its Monthly Markets Review report. Markaz report stated that Kuwait registered the best yearly performance of 17% followed by Saudi Arabia at 8.8%. Kuwait market was resilient to the negative sentiment that prevailed in the regional and global equity markets.
Kuwait's resilience is noteworthy in an otherwise choppy month where the pan GCC index fell by nearly 5%. The S&P GCC composite index recorded its worst monthly losses in over three years. Trade tensions between U.S.-China and regional geopolitical uncertainties resulted in investor sentiments turning sour despite the positive events in GCC’s equity markets. The global story was no different as the positive start to 2019 for the U.S. and Emerging markets came to a halt. Oil prices also witnessed a decline after registering substantial gains in previous months.
Source: Zawya.com
Mideast Stocks: Saudi, Qatar lead Gulf markets higher after Eid holidays
June 10, 2019--All major Gulf markets performed strongly on Monday after last week's holidays as a global rally lifted regional sentiment, with Saudi and Qatar outperforming and boosted respectively by expected foreign fund inflows and a stock split.
Source: Zawya.com
Mideast Stocks: Saudi, UAE markets rise on strong private sector growth
June 10, 2019--Abu Dhabi's index was up 1%
Saudi Arabia and United Arab Emirates' stock markets rose on Monday after a survey showed their private sectors registered strong growth last month, while other major Gulf markets also gained reflecting the global rally.
Saudi's index was up 0.4% in early trade with Al Rajhi Bank gaining 0.7% and petrochemical maker Saudi Basic Industries adding 1.4%.
Source: Zawya.com
Mideast Stocks: Saudi, Dubai lead Gulf markets higher after holiday break
June 9, 2019--The Saudi index jumped 0.6% as investors piled into key blue-chip stocks
Gulf markets rose early on Sunday, resuming trade after holidays most of last week to celebrate the end of the Muslim fasting month, with investors taking cue from gains in global markets on Friday.
Source: Zawya.com
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