Middle East ETF News Older than One Year
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
IMF Staff Country Reports Qatar: Selected Issues
June 3, 2019--Diversification is important for a large commodity exporter like Qatar: it helps manage temporary shocks and prepare for sweeping changes to the economic setting. Qatar's large financial holdings can help diversify revenues.
Both structural reforms to improve the business environment and sector-specific policies can support diversification of activity and exports. Sector-specific policies should build on existing economic strengths in areas with room for exports and innovation. Emphasis should be placed on developing expertise in specific clusters. Export markets and competition provide crucial mechanisms to ensure discipline.
A. Introduction
1. Qatari living standards have improved substantially in recent decades with rapid
hydrocarbon-led growth.
Source: IMF
Mideast Stocks: Qatar and Egypt rise, other Gulf markets closed for holiday
June 3, 2019--Stock markets in Qatar and Egypt rose on Monday, while other Gulf markets, including Saudi Arabia, are closed for the Eid ul-Fitr holiday.
QATAR
The index rose 1.5 % to 10,319 points.
Source: Zawya.com
Mideast Stocks: Qatar jumps on PM's visit to Saudi as major Gulf markets leap
May 30, 2019--Qatar's stock market surged to its biggest intra-day high in nine months on Thursday after report that Qatar's prime minister will attend an Arab summit in Saudi Arabia, while all major Gulf bourses also rallied mostly riding on financial stocks.
Source: Zawaya.com
Mideast Stocks: Banks lift Qatar as all major Gulf markets rise
May 30, 2019--Qatar's index rose 2.2% as Qatar National Bank and Qatar Islamic Bank climbed 4.2% and 5% respectively
Qatar's stock market rose sharply on Thursday, buoyed by its banks and leading gains in all other major Gulf bourses.
Source: Zawya.com
Mideast Stocks: Global woes weigh on Saudi stocks as they join MSCI index
May 29, 2019--Saudi's index fell 1.6%, weighed down by financial stocks, with Al Rajhi Bank decreasing 1.9% and Banque Saudi Fransi sliding 4.6%
Saudi Arabia's stock market slipped on Wednesday as weak global sentiment clouded the first day of trading for the market as a new member of the MSCI emerging markets index. Most other Gulf markets also dropped.
Source: Zawya.com
Mideast Stocks: Profit-taking, global stock slide weigh on Saudi stocks
May 29, 2019--Saudi Arabian stocks dropped on Wednesday as falling oil prices and weak global sentiment pulled down banking shares on the market's first of trading as a member of the MSCI emerging markets index.
Some investors also cashed in their holdings ahead of the long Eid Holiday in the next week.
Source: Zawya.com
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