Middle East ETF News Older than One Year
Tadawul year-end rally halted
December 10, 2012--The Tadawul All-Share Index ended a three-day gaining streak Monday, closing off 0.61 at 6,741.93 as market breadth turned deeply into the red.
SABIC slipped 0.55% to SR90.50. Wafa Insurance Saudi Indian Company for Co-operative Insurance, also known as WAFA Insurance, posted the largest gain, ending up 9.80% at SR61.75.
Source: AME Info
Egypt inflation retreats to 4.1%
December 10, 2012--According to data released by the Egyptian government, the country's annual inflation has dropped to 4.1% in November, its lowest level since March 2006, mainly due to a significant slowdown in the growth rate of food prices, Ahram has reported.
Prices of food and drink, which have the highest weight in the consumer price index, grew 5.3% in comparison to November 2011 but dropped a sharp 2.7% below October 2012's figures.
Source: AME Info
Batelco gains as partnership with Omantel bears new fruit
December 10, 2012--The Manama-based Bahrain All-Share Index added 0.15% to reach 1,045.27 Monday.
Bahrain Telecom or Batelco edged 0.50% higher, closing at BD0.404. On Saturday, Batelco said it launch of MPLS IP VPN interconnectivity on the basis of its ongoing partnership with Omantel. With end-to-end MPLS VPN services, Bahrain and Oman-based businesses are able to establish secure inter-office connectivity between both locations.
Source: AMEInfo.com
Industrials, consumers lift Kuwait market
December 9, 2012--The KSE Market Index closed half a percentage point higher at 5,907.21 Sunday.
Equipment Holding gained the most, closing 8.93% higher at KD0.122. Kuwait Cable Vision fell the most, ending off 7% at KD0.0265.
Source: AME Info
DP World falls the third day straight
December 6, 2012--The FTSE NASDAQ Dubai UAE 20 Index closed at 1793.41 Thursday, down 0.18%.
DP World was the only share traded and fell for the third consecutive trading session, finishing off 0.8% at $12.15.
Source: AME Info
Qatari shares gain across the board
December 6, 2012--The QE Index gained 0.30% to reach 8,360.30 Thursday.
All sector indices except transports landed in the green. Since May 13, the gauge has been trading in a range between 8,130 to 8,530 points. Dlala Real-estate Company, a wholly owned subsidiary of Dlala Brokerage and Investment Holding (down 2.70% at QR34.60) said earlier in the day t has bought a land plot in Al-Wakeer area and in um Qurn area for the purpose investment and development.
Source: AME Info
Taqa gains on bond issuances
December 6, 2012--The Abu Dhabi market measure ADXGI closed Thursday trading 0.10% lower at 2,674.21 points, mainly on small losses at the UAE's first telecom firm Etisalat and in the banking sector.
Abu Dhabi National Energy Co. or Taqa advanced 0.77% to reach Dhs1.31. Earlier in the day, Taqa said it has finalized the issuance of $750m senior notes at 2.50% and due in Jan. 2018, and $750 senior (3.625%; Jan. 2023). The proceeds will be used to settle debt payments and for general business purposes. Last week, Taqa expanded its operations in the North Sea by buying assets from BP for more than $1bn.
Source: AME Info
Shuaa Capital shares cheap like in Feb. 2012
December 6, 2012--The Dubai equity market index DFMGI closed the Thursday 0.10% lower at 1,609.63 in a lackluster trading session.
Emaar as the most liquid share fell 0.53% to Dhs3.76. Air Arabia surged 2.21% to hit Dhs0.741. Earlier in the day, the Sharjah-based budget carrier announced the start of services to Basra, its third destination in Iraq. Investment bank Shuaa Capital fell temporarily over 5% but regained territory in a last-minute move and closed off 3.53% at Dhs0.52, the lowest level in 10 months. ON Wednesday, Shuu said it has entered into a Memorandum of Understanding (MoU) with PT Pratama Capital Indonesia. The MoU involves the development of a mutually beneficial collaboration between the two firms, offering a variety of investment banking services to issuers and investors in the UAE and the Republic of Indonesia. Shuaa narrowed its Q3 losses to Dhs13.9m from Dhs156.2m year on year and aims to profitable in 2013 the earliest.
Source: AME Info
DP World shares show some form of exhaustion
December 5, 2012--The FTSE NASDAQ Dubai UAE 20 Index closed Wednesday trading insignificantly higher at 1796.67.
After rising over 25% since Jan. 1 amid a strong economic recovery of the emirate of Duabi, Dubai Ports (DP) World slipped 0.65% to $12.16. Earlier in the day, HSBC Middle East released the monthly Purchasing Manager Index for the UAE, saying that "The PMI, which is a snapshot of the performance of the non-oil private sector, was above the series average of 52.7, and indicated a solid improvement overall." In addtion, in the first half of 2012, the emirate's real economy gained 4.1%, the highest six-month increase in 5 years, according to the Dubai statistics center. Depa Ltd. fell 0.28% to $0.359. NASDAQ Dubai suspended the secondary listing of Man Industries (India) followig the announcement of the latter on Nov. 20., pursuant to Markets Rule 9.6.6. With the delisting, a total of 9 equities remain listed at the Middle East's only international bourse by regulation standards.
Source: AME Info
Saudi Stock Exchange rebounds, ends bullish trading week
December 5, 2012--The Tadawull All-Share Index closed Wednesday trading 0.20% higher at 6,729.19, despite a negative advance-decline ratio of 62 to 71.
The gauge improved its year to date gain to 4.85%. SABIC, the world's number one in petrochemical production, surged 0.85% to hit SR89.50. Atheeb Telecom fell 1.43% to SR13.80 after the share gained over 30% since the beginning of December. Atheeb and Etihad Etisalat, known as Mobily, agreed on Dec. 2 on a network cooperation. The Saudi Tadawul market will remain closed Thursday and resumes trading Saturday, Dec. 8.
Source: AME Info
If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.
