Middle East ETF News Older than One Year
Qatari bonds extend losses after S&P downgrade, CDS rise
June 8, 2017-- Qatari sovereign dollar bonds extended losses on Thursday to approach three-month lows and the cost of insuring exposure to the kingdom's debt rose to the highest level since mid-November, after a credit ratings downgrade.
Source: Zawya.com
World Gold Council-Gold-backed ETF holdings up 10.5t to 2,291.9t in May
June 8, 2017--At the end of May, total holdings in gold-backed ETFs and similar products stood at 2,291.9t (73.7moz), 10.5t higher from April. These holdings were valued at US$93.3bn, largely flat compared to a month earlier.
European inflows more than doubled the North American outflows: holdings increased 20.8t (+2%) to 967.2 in Europe, while North American funds lost 7.2t to 1,214.0t. Asian funds shed 2.0t (-3%) to 64.5t and funds in the other region lost 1.1t to 46.1t.
Source: World Gold Council
Qatar's credit rating lowered amid GCC spat
June 8, 2017--S&P has placed it on negative watch on concerns of a prolong tiff with Gulf states and economic blockade
Source: meed.com
Dubai index eases slightly after 2% gains
June 8, 20176--The Dubai index eased slightly on Thursday on profit-taking in Emaar after the stock jumped 10 per cent in the previous session.
The Dubai Financial Market General index closed 0.17 per cent lower at 3,400.10, after gaining more than 2 per cent in the previous session.
Source: Zawya.com
Dubai index sees turnaround in trend on blue chip buying
June 7, 2017--The Dubai index saw a turnaround in sentiment after witnessing weak to sideways movement on the back strong buying in Emaar Properties.
Source: Zawya.com
Qatar stabilises on valuations, Dubai's Emaar jumps on unit's IPO plan
June 7, 2017--Qatari shares that are members of global emerging market benchmarks helped stabilise the bourse in early trade on Wednesday, while Dubai's Emaar Properties jumped on news it will launch an initial public offering of its local real estate unit.
Source: Zawya.com
Qatar, Gulf may stabilise but Qatari banking sector still a risk.
June 7, 2017--Qatar's stock market may stabilise on Wednesday after two days of steep declines as some investors buy shares in companies with attractive valuations, but uncertainty over pressure on Qatar's banking sector could limit any rebound.
Source: Zawya.com
Gulf falls as Qatar crisis worries investors, Egypt continues ascent
June 6, 2017-- Most Gulf stock markets fell on Tuesday as the diplomatic crisis surrounding Qatar worried investors, while Egypt's equities index climbed for an 11th straight day to a fresh record high.
Source: Zawya.com
Qatar crisis derails GCC business, airlines, trade
June 5, 2017--The sudden escalation in the diplomatic crisis in the GCC region after Saudi Arabia, the UAE, Bahrain, Egypt and Yemen severed their ties with Qatar on Monday, June 5, accusing Doha of destabilising the region, will have greater implications given the close economic relations the countries earlier shared.
Source: AMEInfo.com
Markets give a mixed performance with Ramadan in its second week
May 5, 2017--Egypt being the star ending the week up by 2.8 per cent and Qatar leading the losing side by 1.2 per cent over the week, followed by Abu Dhabi and Saudi Arabia each by 0.8 per cent and 0.1 per cent respectively.
Source: AMEInfo.com
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