Middle East ETF News Older than One Year
Abu Dhabi stock market slips as oil prices remain fickle
March 27, 2012--The ADX General Index slipped 0.11% to 2.574.57 points as listed shares anded mixed.
Real estate bellwether Aldar Properties and energy giant Dana Gas from Sharjah closed even, while International Fish Farm Holding or Asmak advanced for the eighth consecutive day (up 9.97%). Ras al-Khaima-based pharmaceutical producer Julphar fell 4.61%. Around 90m shares were traded, valued at Dhs116m.
Source: AME Info
While Emaar rebounds, the Dubai bourse falls the second day straight
March 27, 2012--The DFM General Index slipped 0.18% to 1,652.44 points, as DFM shares (off 1.74%),
Tabreed (down 7.60%) and Islamic home financing firm Tamweel (1.63% lower) weighed on the gauge. Earlier in the day, Tabreed said ita had o postpone its annual general meeting to April 4 "due to a lack of quorum". Market bellwether Emaar Properties gained against the trend (up 0.34%).
Source: AME Info
Tadawul market hard on the heels of Dubai bourse's first quarter performance
March 26, 2012--Contrary to most GCC markets declining on Monday, Saudi investors continued to push the Tadawul All Share Index (Tasi) up.
The gauge added 0.31% to reach 7,782.85 points, although eight sector indexes fell, while six ended higher. Local and regional bellwether Saudi Basic Industries Corporation or Sabic added 0.23%, while Saudi Enaya Cooperative Insurance Company gained the most (up 9.77%). Year-to-date, the Riyadh-based euqity measure soared 21.27%, while the Dubai Financial Market (DFM) General Index 22.32%.
Source: AME Info
Abu Dhabi stock market dips amid lacklustre trading
March 26, 2012--The ADX General Index closed 0.40% lower at 2,577.40 points, as telco provider Etisalat fell 0.32%. Aldar Properties,
Dana Gas, Union National Bank and Waha Capital closed even. Some 56.3m shares were traded, valued at Dhs78m.
Source: AME Info
DP World recaptures $11 as port operator is ready to repay $3bn loan
March 26, 2012--The FTSE NASDAQ Dubai UAE 20 Index closed off 0.35% at 1654.560 today.
The index tracks 20 liquid stocks listed on DFM, the Abu Dhabi Securities Exchange and NASDAQ Dubai. It has been designed as a hedging and investment mechanism for GCC and international investors. While Depa Ltd. and Damas International closed even, shares of maritime port operator DP World closed 0.10% higher at $11.00. Earlier in the day, DP World announced that it will repay a $3bn revolving loan in April, ahead of its maturity in October this year, Gulf news reported. DP World will use its own cash reserves to pay off the loan.
Source: AME Info
Qatar Exchange 20 Index gains the third trading session straight
March 26, 2012--The Doha-based equity gauge increased its level by a quarter percent to close at 8,726.50 points.
Banks ended mixed, as Qatar National Bank (off 0.10%), the country's number one lender, weighed on the gauge, while the second largest bank Commercial Bank of Qatar or CBQ added 0.93%. The Qatar Exchange is on the way to finish the first quarter in the red (0.53% since January 1) unless the Doha bourse can regain territory in the remaining three trading sessions in March.
Source: AME Info
Real estate shares weigh on Dubai bourse
March 26, 2012--The DFM General Index slipped 0.82% to close at 1,655.46 points, as fund managers start to book profits at the end of a strong first quarter.
Real estate firms Emaar Properties (off one percent), Deyaar Development (down 2.67%) and Union Properties (losing 2.26%) weighed on the gauge. District cooling specialist Tabreed was the most liquid share and jumped two percent. Some 205m shares were traded, valued at Dhs216.5m. Market breadth turned negative as seven shares fell, while 19 declined. Since January 1 2012, the DFMGI gained 22.32%.
Source: AME Info
Dubai market ends week with a small gain
March 22, 2012--The DFM General Index closed 0.29% higher at 1,660 Thursday, as Emaar found its way back to Dhs3.00, while cooling speacialist Tabreed, as the most liquid share, soared 8.44%.
The UAE's largest lender by assets Emirates NBD aded 0.65%. Earlier in the day, ENBD said in a media release it has mandated Bank of America, Merrill Lynch, Deutsche Bank, Emirates NBD Capital, HSBC and NBAD, as joint lead managers and joint bookrunners for an upcoming US Dollar Regulation transaction, under Emirates NBD’s $7.5bn Euro Medium Term Note Program. Some 266m shares were traded, valued at Dhs342m.
Source: AME Info
Abu Dhabi listed banks drag equity market down
March 22, 2012--The ADX General Index ended a tricky wekk one percent lower at 2,568.29 points.
The UAE's second lender National Bank of Abu Dhabi dived five percent, while RAK Bank (off 2.90%) and Union National Bank (down 1.50%) also weighed on the gauge. Weaker than expected purchase manager indexes (PMI) in Germany and France triggered selling waves at Western stock markets Thursday. Aviation and maritime leasing specialist Waha Capital was the most liquid share and soared 7.50%. Around 82m shares were traded, valued at DHs95m.
source: AME Info
Maritime port operator DP World falls below $11 at NASDAQ Dubai
March 22, 2012--The FTSE NASDAQ Dubai UAE 20 Index closed at 1652.09 today, off 0.29%, from the previous close.
Market bellwether Dubai Ports (DP) World fell 1.80% to $10.90 after a decline in manufacturing Purchasing Manager Indexes in Germany and France triggered fears of new woes for the global economy. On Wednesday, IMG Managing Director Christine Lagarde warned rising tensions between the West and Iran could drive oil prices higher and put the world economy's revovery in danger. Interior designer Depa Limited closed even at $0.45.
Source: AME Info
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