ADX welcomes Lunate's first-of-its-kind GCC Shariah-compliant ETF
you are currently viewing::ADX welcomes Lunate's first-of-its-kind GCC Shariah-compliant ETFJune 23, 2026-The ETF tracks the Solactive GCC Shariah Dividend Index, which has an index market capitalization of $1.49 trillion Developed by Abu Dhabi-based global investment manager Lunate, this first-of-its-kind exchange-traded fund tracks high-performing, income-generating, Shariah-compliant1 equities across the Gulf Cooperation Council (GCC). Source: economymiddleeast.com |
August 20, 2026-Dubai's benchmark index rebounded 0.4%
Most Gulf stock markets were higher in early trading on Thursday, as firmer oil prices provided support even as uncertainty over U.S.-Iran peace talks continued to weigh on sentiment. Oil prices, a key driver for Gulf equities, rose 1.5%, with Brent crude trading at $92.90 a barrel by 0632 GMT.
August 19, 2026-Non-oil activity grew 0.6% in the quarter, while government activity rose 0.9%
Saudi Arabia's real gross domestic product contracted 4.8% year-on-year in the second quarter of 2026, said Al Rajhi Capital, a leading financial group in Saudi Arabia, citing flash estimates from the General Authority for Statistics (GASTAT), as a 24.7% decline in oil activity outweighed growth in non-oil activities and government output.
August 5, 2026-- Net asset value drops by nearly 5% from the same period in 2025
August 5, 2026-- Saudi Arabia's benchmark index added 0.3%
Major Gulf stock markets traded mixed early on Wednesday as investors awaited signs of progress to end the Iran war.
August 3, 2026-- Dubai's main share index gained 1%, with top lender Emirates NBD rising 1.9%
Most stock markets in the Gulf rose in early trade on Monday, after U.S. President Donald Trump paused a potential strike on Iran, raising hopes for a deal and reopening of the Strait of Hormuz.
July 31, 2026-STARTRADER today announced the launch of 31 new US Share CFDs and ETF CFDs, available on the trading platform from August 3 and on the STARTRADER app from August 5, spanning semiconductors, AI infrastructure, optical networking, and nuclear.
July 30, 2026--GDP down 4.8% in second quarter
Aramco output cuts dent oil activity
IMF praises Saudi economic 'agility'
July 27, 2026--Saudi Arabia's benchmark index rises to a two-week high
Gulf equities advanced in early trade on Monday as hopes of a diplomatic off-ramp in the U.S.-Iran war boosted risk appetite across the region, with investors largely looking past fresh Houthi attacks on Saudi oil facilities.
July 23, 2026--Capital market debt issuance and capital expenditure are set to decline, according to S&P
Profits of most of the Gulf Cooperation Council (GCC) corporates are forecast to decline by 2026-end due to higher logistics costs arising from the Middle East conflict, according to S&P Global Ratings.
July 23, 2026--The fund tracks high-performing, income-generating, Shariah-compliant equities across the Gulf Cooperation Council
The Abu Dhabi Securities Exchange (ADX) Group today welcomed the listing of the Chimera Solactive GCC Shariah Dividend ETF (GCCDIV), marking the fourth listing of the year.