Middle East ETF News Older than One Year
Mideast Stocks: Banks boost Saudi, while wide sell-off weighs down Egypt
July 11, 2019--July 11, 2019--The Saudi stock market rose on Thursday as nearly all its banks surged ahead of earnings announcements, while Egypt dropped sharply with most blue-chips declining.
The Saudi index gained 0.7% with 10 of its 11 banks rising. Riyad Bank 1010.SE rose 1.6% and Banque Saudi Fransi 1050.SE added 0.6% before both go ex-dividend in the next trading session. Investors will be entitled to the next dividend pay-out as of Thursday.
Source: Zawya.com
Mideast Stocks: Dubai stocks rise, led by property; other markets subdued
July 11, 2019--The Dubai index added 0.5%, led by a 1.4% gain in its largest lender, Emirates NBD, and a 0.8% rise in Emaar Properties
Dubai's stocks rose on Thursday as real estate shares gained, while most other markets were little changed before corporate results due to pick up next week.
Source: Zawya.com
Mideast Stocks: Real estate lifts Dubai, other Gulf markets muted
July 10, 2019--The Dubai index rose 1% with Emaar Properties, its largest listed developer, adding 2.4%, while Dubai Islamic Bank was up 1%
Source: Zawya.com
Mideast Stocks: Property firms bolster Dubai, oil prices lift Saudi
July 10, 2019--Dubai stocks rose sharply on Wednesday as all real estate shares gained, while banks drove the Saudi market higher amid rising oil prices and after EFG Hermes forecast higher second quarter profit for Saudi lenders.
Oil prices rose more than 2% after industry data showed U.S. inventories fell more than expected and as major U.S. producers evacuated rigs in the Gulf of Mexico before a storm.
Source: Zawya.com
Mideast Stocks: Global stock slide pulls down most Gulf markets
July 9, 2019--Most Gulf stock markets dropped on Monday, mirroring losses in global stocks after strong U.S. job gains dampened expectations the Federal Reserve will deliver a large rate cut.
The Kuwait bourse fell back after seven straight gains triggered by MSCI decision to upgrade Kuwaiti equities to its main emerging markets index.
Source: Zawya.com
Mideast Stocks: Saudi shares gain, led by banks; other Gulf markets muted
July 9, 2019--The Saudi index added 0.1% with National Commercial Bank rising 0.6% and Banque Saudi Fransi was 0.7% higher
Saudi Arabian stocks rose on Monday, led by banking shares, while other Gulf markets were little changed.
Source: Zawya.com
Mideast Stocks: Banks lead most Gulf markets higher, Kuwait keeps rallying
July 9, 2019--Major Gulf markets closed higher on Tuesday, mostly riding on banks after Egypt's EFG Hermes forecast a higher second-quarter profit for the Middle East's financial sector, while Kuwait continued to rise for a ninth straight session.
Source: Zawya.com
Mideast Stocks: Most Gulf markets bounce back from early losses, Kuwait rallies
July 8, 2019-- Most Gulf markets recovered from earlier losses on Monday to close higher, with Saudi lifted by financial shares and Kuwait rising for the eighth straight session following MSCI's decision to include the country in its main emerging markets index.
The Saudi index gained 0.2% with Al Rajhi Bank 1120.SE rising 0.6% and Riyad Bank adding 1.7% after its board proposed a higher dividend for the first-half of the year.
Source: Zawya.com
Assets worth trillions to keep GCC resilient to global slowdown
July 7, 2019--The $43.7 trillion in liquid assets and quasi-liquid assets held by GCC countries and low debt levels are key factors set to drive economic transformation and diversification initiatives in the region, according to a global strategy consultancy firm.
Source: Zawya.com
Mideast Stocks: Saudi stocks fall as Almarai disappoints, Kuwait extends gains
July 7, 2019--Saudi stocks fell on Sunday in response to a fall in profits at food company Almarai and weakness in blue-chip stocks, while the Kuwait index rose for the seventh straight session buoyed by the recent MSCI move to upgrade Kuwaiti stocks to emerging market.
Source: Zawya.com
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