Middle East ETF News Older than One Year
Mideast Stocks: Profit-taking hits UAE markets, Saudi inches up
April 29, 2019--Abu Dhabi's stock market slid on Monday, affected by profit-taking and a sell-off in its financial shares, while Saudi Arabia was the only major Gulf market to rise.
The Abu Dhabi index lost 0.9 percent in its fourth straight day of declines, with energy firm Dana Gas dropping 4.1 percent and the largest bank in the United Arab Emirates, First Abu Dhabi Bank, losing 1.2 percent.
Source: Zawya.com
Mideast Stocks: Saudi Arabia up on banks, other Gulf shares lower
April 28, 2019--Dubai's stock index was flat with Dubai Islamic Bank up 0.4 percent and Air Arabia down 1.94 percent
Stocks in Saudi Arabia gained on Sunday after lenders such as Riyad Bank1010.SE rose due to strong earnings, while markets across the rest of the Gulf region traded lower.
Source: Zawya.com
Mideast Stocks: Falling oil prices weigh on Gulf stocks
April 28, 2019--Stocks closed lower across the Gulf on Sunday with markets overshadowed by a fall in oil prices.
Saudi stocks eked out some early gains then went into reverse, closing 0.1 percent lower.
Al Rajhi Bank initially rose after posting an increase in profits last week but ended up with a 1.32 percent decline on the day.
Source: Zawya.com
Mideast Stocks: Dubai Investments weighs on Dubai index, banks lift Saudi
April 25, 2019--Dubai's stock market fell on Thursday, pressured by Dubai Investments trading ex-dividend, while banks lifted the Saudi index.
Dubai's index dropped 0.5 percent, with Dubai Investments plunging 9.8 percent to its biggest one-day loss since August 2015, as the stock went ex-dividend.
Source: Zawya.com
Saudi Arabia considers relaxing ownership limits for foreign strategic investors
April 25, 2019--Saudi Arabia's Capital Market Authority (CMA) is considering relaxing a 49 percent limit for foreign strategic investors in shares of listed companies due to increased demand, its chairman said on Thursday.
Foreigners currently own 5.5 percent of Saudi equities but that could nearly double by the end of 2020, Mohammed El Kuwaiz said in an interview on the sidelines of a financial conference in Riyadh. view more
Source: Zawya.com
Qatar lands in worst performing markets
April 24, 2019--Qatar, Iran, Turkey and Pakistan were among the worst performing countries in terms of decline in the wealth of the residents last year
Qatar, Iran, Pakistan and Turkey were among the worst performing countries in terms of decline in the wealth of the residents last year mainly due to decline in local stock markets and value of their currencies against the US dollar.
Source: Zawya.com
Mideast Stocks: Egypt, Qatar gain on financials; cement makers lift Saudi
April 24, 2019--Egypt's blue-chip index and the Qatar stock market rose modestly on Wednesday, buoyed by their financial shares, while the Saudi index edged up on the back of its cement producers.
The Egyptian index rose 0.9 percent, after its largest lender Commercial International Bank increased 0.6 percent and Egypt Kuwait Holding rebounded 3.7 percent after trading ex-dividend on Tuesday.
Source: Zawya.com
Saudi Arabia reduces fees, trading commissions for local bond market
April 24, 2019--Saudi Arabia's Capital Market Authority (CMA), the Saudi Stock Exchange (Tadawul) and its Debt Management Office (DMO) announced in a joint statement on Thursday reduced fees and commissions to encourage secondary market trading of debt, the Saudi Press Agency reported.
Source: Zawya.com
Mideast Stocks: Earnings aid Saudi, real estate hurts Egypt
April 23, 2019--Saudi Arabia's stock market rose on Tuesday, lifted by a slew of corporate announcements, while Egypt's blue-chip index was pulled down by its real estate shares.
Saudi Arabia's index added 0.4 percent, with Riyad Bank climbing 3.6 percent to reach its highest since May 2006. The lender posted a 44.7 percent increase in first quarter net profit. view more
Source: Zawya
Mideast Stocks: Lender FAB leads Abu Dhabi higher, petchems weigh on Saudi
April 22, 2019--Abu Dhabi's stock market closed higher for the fourth straight session on Monday, aided by its largest lender First Abu Dhabi Bank, while petrochemical stocks pulled the Saudi market down.
The Abu Dhabi index rose 0.8 percent, led by a 1.8 percent increase in First Abu Dhabi Bank (FAB).
Source: Zawya.com
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