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MIDEAST STOCKS-Energy stocks lift Abu Dhabi, Saudi, Qatar flat
August 6, 2018--Firm oil prices boosted energy shares in the Abu Dhabi market and financials boosted Kuwaiti stocks on Monday, however the Gulf's two star performers, Saudi and Qatari stocks, were little changed in the absence of major corporate or economic news.
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MIDEAST STOCKS-Gulf insurers jump on Q2 results, petchems down on oil
August 5, 2018--Gulf stocks were mixed on Sunday, with some companies' positive financial results offsetting a bearish background due to persisting global trade concerns and lower oil prices.
Oil gave up earlier gains late last week as fears that Chinese demand could taper weighed on prices.
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MIDEAST STOCKS-Abu Dhabi leads Gulf share tumble as world trade fears spread
August 2, 2018--Abu Dhabi's stock market fell on Thursday, leading a tumble of most Gulf bourse's as fears spread of an escalating trade dispute between the United States and China.
MIDEAST STOCKS-Bank sector gains send Qatar to highest close for 14 months
August 1, 2018--Qatar's stock market closed at its highest level for 14 months, led by banking stocks and overtaking Saudi Arabia as the top-performing index in the Gulf region while other markets were mixed amid lacklustre trading.
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DGCX Records Highest Average Open Interest, Surpassing 300,000 Contracts for July
August 1, 2018--Building on a record-breaking first half of the year, the Dubai Gold and Commodities Exchange (DGCX) has begun H2 strongly, recording an Average Open Interest (AOI) of 323,477 contracts in July, bringing the AOI for 2018 to an all-time high of 304,398 contracts, up 29% from 2017.
The overall volumes for the month touched 1,894,155 contracts with a value of USD 38.49 billion, a year-on-year (Y-O-Y) increase of 36%.
Funds' confidence in UAE equities returning, bullish on Kuwait
July 31, 2018-- Fund managers' confidence in United Arab Emirates stock markets is returning after being damaged by the planned liquidation of Dubai-based private equity firm Abraaj, while funds remain very positive on Kuwait, a monthly Reuters poll showed on Tuesday.
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ETFGI reports that assets invested in ETFs and ETPs listed in Middle East and Africa reached US$36.4 billion at the end of June 2018
July 31, 2018--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs and ETPs listed in Middle East and Africa reached US$36.4 billion at the end of June 2018. (All dollar values in USD unless otherwise noted.)
Highlights
Assets invested in ETFs/ETPs listed in Middle East and Africa decreased by 0.57% during June 2018 to reach $36.4 Bn.
Year-to-date, assets have decreased by 8.76% from $39.9 Bn at the end of 2017.
Saudi Tadawul to begin trading on $925mln government debt instruments
July 30, 2018-- The Saudi Stock Exchange (Tadawul) will list and start trading on government debt instruments with a combined value of SAR 3.47 billion ($925 million).
The debt instruments are distributed on three tranches.
MIDEAST STOCKS-Saudi falls slightly after oil tanker attack, rest of Gulf mixed
July 26, 2018--Saudi Arabia's stock market fell slightly on Thursday after Riyadh reported an attack on two oil tankers by Yemen's Houthi movement, while other Gulf bourses moved little, suggesting investors don't expect the event to have much economic impact.
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Saudi stock exchange added to S&P DJI indexes
July 26, 2018--The Saudi Stock Exchange (Tadawul) is pleased to announce today that S&P Dow Jones Indices (S&P DJI), a leading provider of global equity indexes, upgraded the Kingdom of Saudi Arabia to "Emerging Market" from its previous "Standalone Market" country classification.
The move by S&P DJI follows the recent decisions by MSCI and FTSE Russell to add Saudi Arabia to their respective emerging market indexes. The Kingdom will become eligible for inclusion in certain S&P DJI's global benchmark index families in two phases concurring with the March 2019 quarterly rebalancing and the September 2019 annual reconstitution.