Middle East ETF News Older than One Year
MIDEAST STOCKS-Gulf stocks mainly positive, Saudi continues rebound
April 5, 2018--Gulf stock markets were mainly in positive territory on Thursday, with Saudi Arabia's index continuing to rebound after several days of profit-taking.
The Saudi index was up 0.6 percent, with United International Transportation Co up 2.2 percent and loss-making Saudi Arabian home furnishings maker Al Sorayai Trading climbing 2.2 percent.
Source: Zawya.com
Ministry Of Economy And Industry And The Tel-Aviv Stock Exchange Are Launching A New Index: TA-Industrials-The Index Comprises More Than 80 Industrial Companies From A Range Of Israeli Economic Sectors
April 4, 2018--The board of directors of The Tel-Aviv Stock Exchange (TASE) approved (March 29, 2018) the launch of a new equity index in conjunction with the Ministry of Economy and Industry.
The new index- TA-Industrials Index-comprises more than 80 listed companies from various industry sectors across the board and will facilitate investment in the growth opportunities inherent in Israeli industry.
Source: mondovisione.com
MIDEAST STOCKS-Money flows back into Saudi, Emaar keeps falling in Dubai
April 4, 2018--Buyers returned to the Saudi Arabian stock market on Wednesday as blue chips attracted interest again after several days of profit-taking that followed FTSE Russell's decision to upgrade Riyadh to emerging market status.
Source: Zawya.com
MIDEAST STOCKS-Egypt falls on failed buyout offer, Gulf mostly lower
April 3, 2018-- Egyptian stocks fell on Tuesday, hit by a plunge in index heavyweight Global Telecom after the company's majority shareholder withdrew a buyout offer, while Saudi Arabia stabilised after three days of falls.
Source: Zawya.com
Monthly markets round-up: Saudi's attempt to woo passive funds pays first big dividend
April 2, 2018--About $2.2billion of investment into Saudi equities is expected, following Tadawul's inclusion onto FTSE Russell's secondary emerging market index.
Saudi Arabia's stock exchange, Tadawul, saw its index rise 6 percent during the month of March as investors anticipated that it would be included onto the secondary FTSE Russell emerging market index.
Source: Zawya.com
The Capital Market Authority announces the listing of the debt instruments issued by the Government of the Kingdom of Saudi Arabia
April 1, 2018--Proceeding from the CMA's program 〉Financial Leadership 2020 〉 to achieve Saudi Arabia's Vision 2030, and in an endeavor to develop the debt instruments market, and in order to introduce financial instruments that serve the needs of different investor categories, and based on the Capital Market Law issued by the Royal Decree Number (M/30) Dated 2/6/1424H,
the CMA Board has issued its resolution approving the listing request of the debt instruments issued by the Government of the Kingdom of Saudi Arabia submitted by the Ministry of Finance with a total value of (204,385,000,000) SAR detailed as follow:
Source: Capital Market Authority
DGCX Shari'ah Compliant Spot Gold Sees World-Record Volumes on the First Day of Trading
April 1, 2018--The GCC's first and the world's only Shari'ah Compliant Spot Gold contract (DGSG), was listed on the DGCX on March 29th. The contract opened with world-record Exchange traded Shari'ah Compliant Gold volumes on the first day of trading.
The product traded volume of 84 Kilograms worth USD 3.56 million, on its opening day. The contract's launch follows months of planning and preparation for the DGCX, the region's largest and most diversified derivative bourse.
Source: Dubai Gold and Commodities Exchange (DGCX)
Push for global standard leaves Sukuk market at a crossroads
March 30, 2018--Islamic finance market is torn between need to innovate and desire for a global standard
Source: FT.com
MIDEAST STOCKS-Saudi retreats after winning FTSE emerging status, rest of region strong
March 29, 2018--Saudi Arabia's stock market fell back because of moderate profit-taking on Thursday after index compiler FTSE Russell decied to upgrade Riyadh to emerging market status, a move likely to draw billions of dollars of new foreign money.
Source: Zawya.com
Saudi Stock Exchange Joins FTSE Global Equity Index Series
March 28, 2018-- Index inclusion affirms positive impact of market reforms Tadawul and Saudi government have introduced as part of Vision 2030
The Saudi Stock Exchange (Tadawul) is pleased that FTSE Russell announced today that Tadawul will be classified as a "Secondary Emerging" market in the FTSE Global Equity Index Series from its previous status as "Unclassified".
This decision was issued following a series of market enhancements introduced by Tadawul and the Capital Market Authority (CMA) over the past two years. Many of those developments have fulfilled market quality criteria set by FTSE Russell that must be met in order for a market to be classified as Emerging in its indices.
Source: Tadawul
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