Middle East ETF News Older than One Year
Dubai market falls back, Shuaa bucks downtrend
September 10, 2012--The Dubai Financial Market General Index closed 0.90% lower at 1,557.21 points.
While Islamic home finance provider Tamweel and GGICO ended even, Emaar declined 1.18% at Dhs3.36. Shuaa Caipital posted the largest advance, ending 2.92% higher at Dhs0.634. Five shares gained, 20 fell and five closed unchanged.
Source: AME Info
Dubai market falls back, Shuaa bucks downtrend
September 10, 2012--The Dubai Financial Market General Index closed 0.90% lower at 1,557.21 points.
While Islamic home finance provider Tamweel and GGICO ended even, Emaar declined 1.18% at Dhs3.36. Shuaa Caipital posted the largest advance, ending 2.92% higher at Dhs0.634. Five shares gained, 20 fell and five closed unchanged.
Source: AME Info
Volatile Qatar Exchange eyes 8,500 points
September 6, 2012--The QE 20 Index added 0.20%, closing at 8,467.20 points.
The insurance segment and the transport sector helped the gauge in particular to stay afloat. Doha Bank ended flat at QR56. Year-to-date, the market measure has lost 3.50%. Citigroup said Wednesday in a study on frontier markets "In our view, winning the 2022 FIFA World Cup bid did not add significantly to the pipeline of projects in Qatar, but did create a publicly observable target for completion of projects previously delayed by the financial crisis."
Source: AME Info
Kuwaiti banks weigh on market index
September 6, 2012--The KSE Market Index slipped 0.04% to 5,907.57 points.
The lenders Kuwait National Bank, Commercial Bank of Kuwait and Al-Ahli Bank of Kuwait ended slightly in the red. Islamic financial institution Burgan Bank jumped over 5%. Over the week, the market measure added 0.76%.
Source: AME Info
Abu Dhabi bourse ends first September week flat
September 6, 2012--The ADX gauge rose Thursday back to the level from end of August, closing a quarter percentage point higher at 2,562.67.
The rebound was fuelled by the banks, developers and industry shares. Merger candidates Sorouh and Aldar gained 3.70% and 1.70%, respectively. National Marine Dredging Co. posted the biggest decline (down 10% at Dhs9.45). Some 67m shares were traded, valued at Dhs95m.
Source: AME Info
EFG Hermes sees Dubai market in accumulation phase
September 6, 2012--The Dubai Financial Market General Index or DFMGI added 0.35% to reach 1,555.58 points Thursday.
Investment bank EFG Hermes said in its daily short-term update "The DFMGI is still in accumulation; while a close above 1555 should commence a short-term uptrend." Emaar as the most liquid shares regained further ground, closing 1.21% to hit Dhs3.34. Gulf General Investment Co. or GGICO lost the most (off six percent at Dhs0.325). Turnover improved slightly as 93m shares were traded, valued at Dhs79m.
Source: AME Info
Bahrain Tourism Co. remains on the bullish track
September 5, 2012--The Bahrain All-Share Index ended Wednesday trading 0.20% higher at 1,072.48 points.
Bahrain Toursim Co. jumped 3.33% to reach BD0.310. Since the end of June, the share soared over 20% due to an increased political stabilisation in the kingdom after it was hit by unrest in 2011 in the wake of the Arab Spring.
Source: AME Info
Qatar bourse falls on lack of catalysts
September 5, 2012--A lacklustre QE 20 Index fell 0.23% Wednesday to close at 8,450.14 points.
Al Khaliji Commercial Bank added 0.24%, while Qatar National Bank edged up by 0.10%. Most of the other listed lenders retreated. Al Ahli Bank lost the most (off three percent).
Source: AME Info
Dana Gas helps Abu Dhabi bourse to stay afloat
September 5, 2012--The ADX General Index closed 0.15% higher at 2,556.24 Wednesday.
Sharjah-based Dana Gas was the most liquid share by volume, gaining 2.63% to reach Dhs0.39. Market bellwether Etisalat closed even. Seven shares gained, nine declined and seven ended flat.
Source: AME Info
DGCX Year-To-Date Volumes Up 153%
August volumes up 71% year-on-year, reaching 938,837 contracts
Trading in Currency futures up 179% year-to-date
September 5, 2012--The Dubai Gold and Commodities Exchange traded 938,837 contracts in August, valued at USD 34.81 billion, registering an increase of 71% compared to the same month last year.
DGCX Year-to-date (YTD) volumes increased by 153% from last year, aggregating to 5,752,486 contracts. This growth was primarily driven by currency futures, trading 5,279,123 contracts - a 179% increase on last year.
DGCX Indian Rupee futures, one of the most actively traded contracts on the exchange, recorded a year-on-year growth of 123% trading 873,740 contracts. Gold futures, the Exchange's flagship product, grew 68% year on year trading 49,219 contracts in August - largely driven by strong retail participation on the back of continued high volatility and following the recent enhancements made to the DGCX Gold Futures contract.
Source: Dubai Gold and Commodities Exchange (DGCX)
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