Middle East ETF News Older than One Year
Mideast Stocks: Global rally boosts most of Gulf, banks lift Saudi
March 12, 2019--Most major Gulf markets rose on Tuesday, lifted by financial and real estate stocks, mirroring a rally in global markets amid hopes for a U.S.-China trade deal and progress on Brexit.
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Source: Zawya.com
Tadawul Announces the Date of Implementing the First Tranche of FTSE Russell and S&P DJI Indices Inclusion as an Emerging Market
March 12, 2019--Saudi Stock Exchange (Tadawul) announces that the implementation of the first tranche of FTSE Russell and S&P DJI indices inclusion as an Emerging Market on Monday 18/3/2019 based on the closing prices as of Thursday 14/3/2019.
According to FTSE Russell implementation plan regarding Reclassification of Saudi Arabia to Secondary Emerging Market Status, the first tranche among the overall five tranches shall be executed with an inclusion factor of 10%.
Source: Saudi Stock Exchange (Tadawul)
Mideast Stocks: Banks lead Saudi lower, blue chips gain in Egypt
March 11, 2019--Saudi Arabia's stock market fell for a fifth straight session on Monday as most of its banking sector stocks dropped, while Egypt's blue-chip index gained, helped by a rise in Eastern Company after it forecast a higher full-year profit.
Source: Zawya.com
Mideast Stocks: Property weighs on Dubai, most major Gulf markets fall
March 7, 2019--Dubai stocks fell on Thursday when its property firms declined,while bank shares hurt the Saudi market.
Saudi Arabia's index was down 0.7 percent, with Al Rajhi Bank shedding 1.2 percent and the country's largest bank, National Commercial Bank, declined 1.5 percent.
Source: Zawya.com
Mideast Stocks: Lender FAB hurts Abu Dhabi, Qatar nears five-month low
March 6, 2019--Abu Dhabi's stock index fell sharply for its worst day in eight months on Wednesday while Qatar touched its lowest in nearly five months, pressured respectively by First Abu Dhabi Bank (FAB) and Industries Qatar going ex-dividend.
Source: Zawya.com
Dubai's finance department unveils second economic incentives suite
March 5, 2019--The Government of Dubai's Department of Finance (DoF) has launched a second package of economic growth initiatives aimed at enriching the emirate's economic incentive package as part of the government's response to the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
Source: Zawya.com
Mideast Stocks: Qatar hits 2-month low, major Gulf markets down
March 5, 2019--The Qatar stock market slid to a two-month low on Tuesday, weighed down by its blue-chips, while major Gulf bourses fell across the board, mostly pressured by financial shares.
Qatar's index fell 1.1 percent, with Vodafone Qatar losing 3.2 percent after approving a regulatory decision to reduce the nominal value of its shares to 1 riyal each.
Source: Zawya.com
Mideast Stocks: Saudi market extends gains ahead of FTSE inclusion
March 4, 2019--The Saudi index rose 0.4 percent on Monday, helped by petrochemicals stocks, with Sipchem 2310.SE up 3.3 percent in active trade after saying it completed maintenance activities for its polybutylene terephthalate plant.
Source: Zawya.com
Saudi market cross-listing regulations expected in Q2
February 28, 2019--Regulations to allow companies from other Gulf countries to list on Saudi Arabia's stock market are expected to be finalised in the second quarter of this year, the chief executive of the Saudi bourse, Tadawul, said on Thursday.
Saudi Arabia's Capital Market Authority and Tadawul are working with potential investors in the Gulf countries on the new cross-listing rules, Khalid al-Hussan, chief executive officer of Tadawul told a news conference.
Source: Zawya.com
Saudi bourse expects $15-$20bln in passive fund inflows in 2019
February 28, 2019--Saudi Arabia's stock exchange expects passive fund inflows of $15 to $20 billion this year as it gears up for inclusion in emerging market benchmarks, its chief executive told Reuters.
Tadawul, Saudi Arabia's main stock exchange and the Middle East's largest bourse, will join the FTSE Russell and MSCI emerging market indices in March and May this year, heightening interest among foreign investors in the Saudi market.
Source: Zawya.com
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