Middle East ETF News Older than One Year
MIDEAST STOCKS-Much of Gulf may fall on Korea tensions, oil rebound may aid Saudi
September 6, 2017--Stock markets in most Gulf countries may slip on Wednesday as Asian stocks have tracked Wall Street's slide overnight, but an overnight rebound in crude oil prices could support Saudi Arabia's bourse, which has been closed for a week.
Source: Zawya.com
IMF Team Completes a Staff Visit to Qatar
August 30, 2017--The Qatari economy and financial markets continue to adjust to the effects of the diplomatic rift.
Fiscal consolidation is proceeding, underpinned by current expenditure cuts and an increase in non-oil revenues.
An IMF team led by Mohammed El Qorchi visited Doha from August 13-20 to take stock of recent economic developments since December 2016.
At the conclusion of the visit, Mr. El-Qorchi issued the following statement:
"The Qatari economy and financial markets are adjusting to the shock associated with the June 5 measures imposed following the diplomatic rift with some trading-partner countries. The measures led to a sharp contraction in imports in June (40 percent year-over-year), with a slight recovery in July.
Source: IMF
Average yields fall on Egypt's six-month, one-year T-bills
August 24, 2017--Average yields on Egypt's six-month and one-year treasury bills fell at an auction on Thursday, central bank data showed.
Source: Zawya.com
MIDEAST STOCKS-Banks strong in Saudi Arabia, DP World down after flat profit
August 24, 2017-- Banking shares were buoyant in Saudi Arabia on Thursday morning while blue chips helped lift Dubai slightly, although port operator DP World underperformed because of uninspiring interim financial results.
Source: Zawya.com
Lack of catalysts keeping trade values low in UAE
August 23, 2017--The UAE's equity markets remained in a relative lull on Wednesday with weak trading volumes and little movement in the main indices.
Source: Zawya.com
Ultumus-Magic ETFs
August 23, 2017--Middle East
Unfortunately not at Hogwarts but in Israel there are magic ETFs and today there is a new one...
KSM Financial Instruments, Israel's largest issuer, has listed a new Magic ETF in Tel Aviv (KSMS206), which tracks the SME 150-an equally weighted index mid-cap Israeli companies put together by the Tel Aviv Stock Exchange....
Source: ULTUMUS-Financial Data Management
Beltone Financial to list Egypt index tracker fund on Nasdaq Dubai
August 23, 2017-- Beltone Financial plans to list its Egyptian index tracker fund on the Nasdaq Dubai exchange and aims to quadruple the fund's value within a year, a company official said.
Source: Zawya.com
Small stocks lose charm on UAE bourses
August 22, 2017--Stocks like Gulf Finance House (GFH), Shuaa Capital, Eshraq Properties, and Dana Gas, once darling of traders, have lost its sheen as trading value has tumbled along with the stock price.
Source: Zawya.com
Al Rajhi Bank, Ma'aden boost Saudi; Dubai also outperforms
August 22, 2017--Saudi Arabia's stock market rose on Tuesday on the back of gains by Al Rajhi Bank and mining firm Ma'aden, while Dubai also outperformed most Gulf bourses although trading was thin.
Source: Zawya.com
MIDEAST STOCKS-Gulf may move little, Dubai's DSI seeks to become shariah-compliant
August 21, 2017--Stock markets in the Gulf may move little on Monday as oil prices have largely held onto Friday's big gains while international equity markets barely moved overnight.
Source: Zawya.com
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