Middle East ETF News Older than One Year
Lackluster Abu Dhabi bourse closes slightly down
January 14, 2015--The ADX general index fell by 0.10 per cent to 4,506.32 points on Wednesday, January 14, ahead of the earnings season.
"In January markets should shift their focus from oil prices to earnings and dividend announcements," said Arjuna Mahendran, the chief investment officer wealth management at the UAE's biggest lender Emirates NBD.
Source: AME Info
Air Arabia shaves 2014-high
January 14, 2015--The Dubai financial market (DFM) index, DFMGI, closed unchanged at 3,814.05 points on Wednesday, January 14.
Similar to previous trading sessions since the beginning of the year, trading remained volatile.
Source: AME Info
Capital market gains EGP 6bn on EFTs' first trading day
January 14, 2015--EGX committee approved listing of ETFs in 2014 with initial value of EGP 10m
The trade on Exchange Traded Funds (ETFs) in the Egyptian Exchange's (EGX) benchmark index EGX-30 started Wednesday, with the capital market registered an EGP 6bn gain that day
This is the first time ETFs were offered on the Egyptian stock market. The EGX-30 index increased by 2.53% to record 9544.08 points, and the broader index inched up by 1.13%..
Source: Daily News Egypt
The Saudi Investment Bank convinces with full-year results
January 13, 2015--The Tadawul All-Share Index advanced by 0.65 per cent to reach 8,491.68 points on Tuesday, January 113.
The Saudi Investment Bank closed 0.43 per cent higher at SAR25.70.
Source: AME Info
DP World gains on Dubai World restructuring
January 13, 2015--The FTSE NASDAQ Dubai UAE 20 Index jumped 2.70 per cent to hit 3,819.89 points on Tuesday
Source: AME Info
Ooredoo gains on bond interest payout, QNB ends flat amid FY results
January 13, 2015--In Doha, the Qatari share index QE 20 gained 0.21 per cent to reach 11,936.58 points on Tuesday, January 13, halting a two-day losing streak.
Ooredoo, the national telecom provider, advanced 1.21 per cent to reach QAR116.70.
Source: AME Info
TAQA soars at Abu Dhabi bourse, Etisalat slightly higher
January 13, 2015--The ADX general index rebounded by 1.36 per cent Tuesday, January 13, finishing at 4,510.06 points although oil prices dropped further.
Abu Dhabi National Energy Company, better known as TAQA (Arabic for energy) surged five per cent to hit AED0.84.
Source: AME Info
SHUAA Capital gains as subsidiary secures AED500 mln syndicated loan
January 13, 2015--The Dubai financial market (DFM) index, DFMGI, ended a roller-coaster trading session on Tuesday, January 13, with a day gain of 1.74 per cent at 3,814.54 points.
Ajmanbank and Mashreqbank gained 3.92 per cent and 0.10 per cent, respectively.
Source: AME Info
Egypt bourse to allow trading in ETFs from Jan. 14
January 12, 20155--Egypt's stock exchange will allow trading in Exchange Traded Funds (ETFs) for the first time on Wednesday, as part of efforts to encourage foreign investment and boost liquidity.
ETFs are typically funds that track equity indexes, though they can also track commodities and other assets, with component stocks usually represented in proportion to the size of their market capitalization.
Source: Reuters
Saudi Arabia Fertilizers gains amid stable full-year profit
January 12, 2015--The Tadawul All-Share Index slipped 0.10 per cent to hit 8,436.71 points on Monday, January 12.
Market bellwether SABIC lost 1.86 per cent to SAR77.00. Saudi Arabia Fertilizer Company added 0.33 per cent to reach SAR142.25.
Source: AME Info
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