DGCX Year-to-date Volumes Up 35%; Shari'ah Spot Gold sees impressive debut
May 1, 2018--The world's only exchange traded Shari'ah Compliant Spot Gold contract (DGSG), which listed on the DGCX on March 29th, has been very well received by investors, trading over 314 kilograms of gold worth USD 13.39 million since inception.
The product was the first of its kind to be launched in the GCC, and its success demonstrates a strong appetite for exchange-traded Islamic products among investors.
Source: Dubai Gold & Commodities Exchange (DGCX)
Israeli institutions join global flow to ETFs
April 30, 2018--Total investment by Israeli financial institutions in ETFs worldwide rose by over NIS 4 billion last year.
Last year saw yet further meteoric growth in index products. Hundreds of billions of dollars flowed into exchange traded funds (ETF) worldwide, with investors in Israel also playing their part in the global shift.
Source: globes.co.il
MIDEAST STOCKS-Dubai lifted by Emaar Dev earnings, weak oil depresses other markets
April 30, 2018--Dubai shares rose on Monday, helped by strong earnings at Emaar Development and outperforming the Gulf region, where most markets weakened amid a slight correction in oil prices and selective profit-taking.
Oil dipped after a rising rig count in the United States pointed to higher production there, but markets held near their highest in more than three years.
Source: Zawya.com
MIDEAST STOCKS-Saudi stocks slip; Qatar's Ooredo down on earnings miss
April 26, 2018--Saudi stocks slipped in early trade on Thursday, with investors continuing to sell some blue chips after the index hit a more than two-year high earlier in the week. Other Gulf markets were mostly sluggish.
Source: Zawya.com
MIDEAST STOCKS-Saudi petrochemical stocks under pressure despite index rise
April 26, 2018--Saudi petrochemical stocks ended Thursday's trading on the downside after some disappointing earnings, but key banking and property stocks helped the index close slightly higher.
Other Gulf markets were mixed.
Source: Zawya.com
MIDEAST STOCKS-Saudi petrochemical stocks under pressure despite index rise
April 26, 2018--Saudi petrochemical stocks ended Thursday's trading on the downside after some disappointing earnings, but key banking and property stocks helped the index close slightly higher.
Other Gulf markets were mixed.
The Saudi index closed 1.0 percent lower after hitting a more than two-year high earlier in the week.
Source: Zawya.com
MIDEAST STOCKS-Saudi soft after hitting multi-year high, property hurts Dubai
Source: Zawya.com
MIDEAST STOCKS-Saudi index boosted by oil gains; Qatar National Bank jumps
Source: Zawya.com
Qatar strong as Commercial Bank surges, rest of Gulf moves little
Source: Zawya.com
April 24, 2018-- Saudi Arabia's stock index fell back on Tuesday as many blue chips were seen as fully valued or expensive after the market hit a more than two-year high the previous day. Other Gulf markets were mixed, with property stocks dragging Dubai lower.
April 19, 2018--Saudi Arabia's stock market surged on Thursday, bolstered by a pick-up in oil prices to their highest since late 2014, while a jump in heavyweight Qatar National Bank helped to lift Qatar's index.
April 18, 2018--Qatar's stock market outperformed in early trade on Wednesday as Commercial Bank surged after beating analysts' forecasts for its first-quarter earnings, while other Gulf bourses moved little.
Qatar's stock index rose 0.8 percent as Commercial Bank gained 3.0 percent.
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