Middle East ETF News Older than One Year
Abu Dhabi market extends rebound
December 18, 2014--After gaining 4.21 per cent on Wednesday, December 17, the ADX General Index extended its rebound and closed 6.70 per cent higher at 4,365.19 points on Thursday, December 18.
The buying frenzy continued after the US FED signalled that it would not raise interest rates at least until mid-2015.
Source: AME Info
Dubai stocks gain the most in a decade
December 18, 2014--A technical buying reaction following the recent stock market crash lifted the DFM General lndex by a whopping 13 per cent to reach at 3,426.70 points on Thursday, December 18.
Between November 23 and December 17, the gauge lost 34.50 per cent in value due to panic selling in the wake of tumbling oil prices.
Source: AME Info
Saudi shares regain territory
December 17, 2014--The Tadawul All-Share Index closed 4.21 per cent to reach 7,638.0 points on Wednesday, December 17.
Al-Tayyar Travel Group led the rebound, ending 9.98 per cent higher at SAR93. SABIC surged by 4.80 per cent to reach SAR76.
Source: AME Info
Bargain hunters lift Abu Dhabi bourse
December 17, 2014--Following a five-day losing streak, the ADX General Index closed 4.21 per cent higher at 4,056.08 points on Wednesday, December 17.
Financials benefitted in particular from the rebound. Finance House gained the most, ending up 14.41 per cent at AED3.89.
Source: AME Info
Bears keep grip on Dubai market
December 17, 2014--A modest rebound at the opening triggered hopes that the crash at the Dubai Financial Market (DFM) might come to an end, but the DFM General lndex eventually opted for u-turn and closed 1.28 per cent lower at 3,044.18 points.
Emaar Malls was the top gainer.
Source: AME Info
Qatar halts market crash ahead of National Day
December 17, 2014--In Doha, the Qatar Exchange 20 Index found a bottom above 11,000 points by gaining .12 per cent to close at 11,181.65 points on Wednesday, December 17,
a day before Qatar celebrates its 43rd National Day. Stocks advanced across the board.
Source: AME Info
Bahrain bourse falls for the eighth session straight
December 17, 2014--The Manama-based Bahrain All-Share Index dipped 0.30 per cent to 1,378.23 points on Wednesday, December 17.
Al Salam Bank Bahrain lost the most (off 3.51 per cent), while United Gulf Bank was the lone gainer, edging up by 9.74 per cent.
Source: AME Info
Saudi shares in free fall on oil, Kingdom Holding bucks sellout
December 16, 2014--The Tadawul All-Shares Index TASI dived 7.27 per cent to 7,330.30 points on Tuesday, December 16, after Brent crude oil fell below $60, a first since 2009.
National Commercial Bank, the first lender in the Kingdom, plummeted 6.10 per cent to end at SAR51.50.
Source: AME Info
Abu Dhabi developers lose, Union National Bank rebounds
December 16, 2014--The ADX General Index tumbled for the fourth session straight on Tuesday, December 16, closing at 3,892.08 points,
representing a one-year low. The gauge closed beneath the lower Bollinger band for the fourth time in a row amid rising volumes, usually a sign that volatility will get exhausted.
Source: AME Info
Qatar National Bank steadfast amid stock market meltdown
December 16, 2014--The QE 20 Index dived 3.51 per cent to 11,057.33 points on Tuesday, December 16, the lowest level in 11 months.
Barwa Real Estate lost 5.38 per cent to QAR36.90.
Source: AME Info
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