Middle East ETF News Older than One Year
Developers pull down Dubai market
August 26, 2012--Despite positive input from the Saudi bourse (up 1.44% on Saturday), the Dubai Financial Market General Index dipped 0.90% to close at 1,573.30 Sunday.
Emaar Properties, as the most liquid share, fell 1.74% to Dhs3.39. Deyaar Development dived 8.52% to Dhs0.365. The largest lender in the UAE Emirates NBD bucked the trend, adding 1.32% to reach Dhs3.07. Some 107m shares worth Dhs105m changed hands.
Source: AME Info
Bahrain Tourism Co. leads bourse advances
August 26, 2012--The Bahrain All-Share index added 0.22% Sunday to close at 1,077.70 points.
Bahrain Tourism Co. soared 4.73% to reach BD0.31. Aluminum Bahrain gained 3.75% to close at BD0.498. Ahli United Bank dipped 0.92% to $0.54. With a year-to-date loss of 5.47%, the Manama-based market lags still far behin the other GCC exchanges.
Source: AME Info
Qatar market breaks through 8,500
August 23, 2012--The QE Index added 0.10% to close at 8,503.64, representing the highest level since May 28.
Qatar Islamic Bank or QIB closed flat at QR7.90. Earlier in the day, ratings agency Fitch affirmed the Shari'ah-compliant bank's 'A' rating. QIB said in a statement to the bourse that "This is testimony to the solidity of the bank overall in what remain uncertain economic conditions worldwide. Fitch also recognises that the Qatari government has a history of both willingness and ability to support its banks, which also has a positive influence on the Bank’s rating."
Source: AME Info
Abu Dhabi bourse hits to six-month high
August 23, 2012--United Arab Emirates: The ADX General Index rose for the ninth consecutive trading session Thursday, closing a quarter percentage point higher at 2,955.34.
Abu Dhabi Commercial Bank or ADCB and telecom giant Etisalat fuelled the rise, gainig 0.30% and 0.42%, respectively. Real estate merger candidates Aldar Properties and Sorouh Real Estate closed even. Some 32.5m shares worth Dhs41.5m changed hands.
Source: AME Info
Abu Dhabi bourse hits to six-month high
August 23, 2012--The ADX General Index rose for the ninth consecutive trading session Thursday, closing a quarter percentage point higher at 2,955.34.
Abu Dhabi Commercial Bank or ADCB and telecom giant Etisalat fuelled the rise, gainig 0.30% and 0.42%, respectively. Real estate merger candidates Aldar Properties and Sorouh Real Estate closed even. Some 32.5m shares worth Dhs41.5m changed hands.
Source: AME Info
Last-minute swing keeps Dubai market back to track
August 23, 2012--The DFM General Index gained 0.72% Thursday, closing at 1,587.42 points.
Shares of Islamic property firm Deyaar Development jumped 13.35% to hit Dhs0.399. Deyaar reported on August 15 that its second-quarter net profit has doubled to reach Dhs18.6m, compared with Dhs9.4m in the previous quarter. Islamic home financing company Tamweel (off 0.80% at Dhs1.24) and its major shareholder Dubai Islamic Bank (down one percent at Dhs1.96) failed to join the rebound. Some 126m shares were traded, valued at Dhs117.3m.
Source: AME Info
Alba, Batelco weigh on market index
August 23, 2012--The Bahrain Bourse declined 0.75% to 1,075.33 Thursday. Aluminium Bahrain or Alba dived four percent to close at BD0.48.
Bahrain Telecom, known as Batelco, lost 1.46% in value and ended at BD0.404. Year-to-date, the Baharain Bourse fell by six percent, representing the worst perforamce in the GCC in 2012 (as yet). Islamic bank Ithmaar bucked the trend and gained Thursday 7.14% to reach $0.145. [AMEInfo.com]
Source: AME Info
Abu Dhabi bourse hits to six-month high
August 23, 2012--The ADX General Index rose for the ninth consecutive trading session Thursday, closing a quarter percentage point higher at 2,955.34.
Abu Dhabi Commercial Bank or ADCB and telecom giant Etisalat fuelled the rise, gainig 0.30% and 0.42%, respectively. Real estate merger candidates Aldar Properties and Sorouh Real Estate closed even. Some 32.5m shares worth Dhs41.5m changed hands. []
Source: AME Info
Qatar Exchange knocks at 8,500 points
August 22, 2012--The QE 20 Index closed 0.10% higher at 8,495.34 points.
While most bank shares suffered losses, market leader Industries Qatar gained one percent to hit QR139. 17 shares gained and 17 fell in value, while 5 ended flat.
Source: AME Info
Kuwait Stock Exchange is back on track
August 22, 2012--The KSE Market Index posted the highest gain in the GCC Wednesday, closing up 0.80% at 5,765.44 points.
Investors Holding Group gained the most (up 11.43%). National Bank of Kuwait, the country's largest lender by assets and markect cap, ended even at KD1.000.
Source: AME Info
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