Middle East ETF News Older than One Year
Saudi Arabia Inclusion to FTSE Russell and S&P Dow Jones Into Emerging Market Indices
March 18, 2019--Today marks the commencement of the first phase of Saudi Stock Exchange's inclusion into the FTSE Russell and S&P Dow Jones Indices (S&P DJI), both leading providers of global equity indexes.
FTSE Russell Emerging Markets Inclusion
Inclusion of Saudi Arabia into the FTSE Russell Emerging Markets (EM) index will occur in five tranches over the next 12 months, the first of which will be completed today. This initial tranche of 25% will be split over March 2019 and April 2019 (10% and 15% respectively) to ensure a smooth transition. The remaining 75% will be implemented in conjunction with quarterly reviews in June 2019, September 2019 and March 2020.
Source: The Saudi Stock Exchange (Tadawul)
Mideast Stocks: Abu Dhabi snaps losing streak, DISB hits Dubai
March 14, 2019--The Abu Dhabi stock market rose on Thursday, recovering some losses it suffered over 10 straight sessions, while Dubai was pulled down by Dubai Islamic Bank's going ex-dividend
The Abu Dhabi index rose 1.9 percent. First Abu Dhabi Bank, the United Arab Emirates' biggest bank, gained 2.8 percent and Emirates Telecommunications rose 3.7 percent.
Source: Zawya.com
Dubai Investments announces 10% dividend, shares surge
March 13, 2019--The board of directors of Dubai Investments (DIC) has proposed a 10 percent cash dividend for the year 2018, which pushed the company's shares higher on Wednesday.
Source: Zawya.com
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.
view more https://www.zawya.com/mena/en/markets/story/Mideast_Stocks_Banks_lead_Saudi_lower_blue_chips_gain_in_Egypt-TR20190311nL8N20Y43FX1/" TARGET="_blank">view more
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
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