Middle East ETF News Older than One Year
United Arab Emirates shows stellar growth in RMB adoption
September 27, 2016--Special edition of SWIFT's RMB Tracker for Sibos 2016 shows new frontiers for RMB internationalisation in Europe, Middle East and Africa (EMEA).
Data from SWIFT's latest RMB Tracker shows exceptional growth in RMB adoption in the United Arab Emirates (UAE) witnessing a 210.8% growth in payments value of the currency since August 2014, albeit from a low base. More than 80% of the direct payments made between the UAE and China/Hong Kong in August 2016 were in CNY, representing one of the highest increases worldwide.
Source: swift.com
Foreign institutions lift Qatar shares above 10,500
September 27, 2016--Increased buying support from foreign institutions on Monday added 75 points to lift the Qatar Stock Exchange above the 10,500 mark.
Source: Zawya.com
Still robust, Turkey looks set to weather downgrade to "junk"
September 27, 2016--Moody's cut rating on Friday citing worries about rule of law. Only Fitch holds investment grade rating on Turkey Some see opportunity given Turkey fundamentals.
Source: AMEInfo.com
Palestine Exchange within the Frontier Markets on FTSE indices
September 26, 2016--The (FTSE Indices) has upgraded Palestine exchange (PEX) to frontier market status as of 19th September 2016 based on the annual audit conducted by the group.
Commenting on this, CEO of PEX Ahmad Aweidah stressed that this upgrade was expected in light of the recent review conducted by FTSE in September of last year, 2015. PEX has won this status as a result of its effort to comply with international standards.
Source: Palestine exchange (PEX)
Gulf bourses start week down, but Qatar slightly up
September 25, 2016--Petrochemical shares dragged Saudi Arabia's equity index lower in early trade on Sunday after oil prices fell 4 percent at the end of last week, while Qatar's main index regained some ground.
Riyadh's main index slipped 0.3 percent after 15 minutes of trade, with bellwether petrochemical producer Saudi Basic Industries declining 0.9 percent.
Source: AMEInfo.com
Europe's first physical replication ETF on Indian companies issued by LAM ZyFin Global Markets launched on Xetra
September 22, 2016--ETF tracks around 85% of India's equity market by capitalisation
Europe's first physical replication ETF on Indian companies issued by LAM ZyFin Global Markets launched on Xetra
ETF tracks around 85% of India's equity market by capitalisation
Europe's first physically replicating ETF on Indian stock corporations, issued by LAM ZyFin Global Markets, has been tradable on Xetra and Börse Frankfurt since Wednesday.
The LAM ZyFin MSCI India UCITS ETF offers investors direct access for the first time to Indian stock corporations listed on a recognised Indian stock market.
Source: Deutsche Börse Cash Market
Qatar bourse rebounds on foreign funds' inflow
September 21, 2016--Foreign funds' inflow, owing to FTSE inclusion of 22 local equities in its secondary emerging market indices, lifted the Qatar Stock Exchange on Tuesday.
Source: Zawya.com
Gulf edges up but Qatar slips in early trade
September 21, 2016--Stock markets in the Gulf made small gains in early trade on Wednesday with investors buying small and mid-sized shares, while Qatar's index slipped as the FTSE passive funds inflow faded.
Riyadh's index rose 0.3 percent to 5,943 points after 45 minutes of trade, pulling slightly away from its technical support at the August...
Source: AMEInfo.com
Qatar rises on passive fund flows, other Gulf bourses weak
September 20, 2016--Qatar's equity index climbed in early trade on Tuesday as passive funds flowed into shares now included in FTSE's secondary emerging market index, while other Gulf benchmarks pulled back.
Doha's index rose 1.5 percent, recouping some of the 4.0 percent losses from the previous session.
Source: AMEInfo.com
Returning after holidays, regional markets face up to global triggers
September 18, 2016--The regional markets experienced a quiet week due to the EID holidays.
With Egypt, UAE and Bahrain being the only markets opened last week, Egypt was down 2.6 per cent with investors still waiting for any news regarding the IMF Loan and the devaluation of the EGP.
Source: AMEInfo.com
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