Middle East ETF News Older than One Year
Pre-Xmas selling halts Dubai exchange rally
December 23, 2014--The DFM General Index finished a roller-coaster trading session on Tuesday, December 23, 3.44 per cent lower at 3,719.44 points.
Oil prices ducked earlier in the day, signalling that the recent recovery from the crash is not a one-way road upwards.
Source: AME Info
Abu Dhabi market rally halted
December 22, 2014--The ADX General Index fell by 0.78 per cent to 4,481.58 points on Monday, December 22.
The session marked the first market decline since a post-crash buying frenzy kicked off on Dec. 16.
Source: AME Info
Qatar market extends gains
December 22, 2014--The QE 20 Index surged by 3.26 per cent to reach 12,421.22 points on Monday, December 22.
Gulf Warehousing failed to follow the pack and lost 0.56 per cent to reach QAR53.
Source: AME Info
Tadawul market gains 8.92 per cent
December 18, 2014--The Saudi Stock Exchange surged on Thursday, December 18, to close at 8,320.55 points as bargain hunters moved in to benefit from the positive sentiment form the U. S.
On Wednesday, the Federal Reserve signalled it will keep interest rates at least till mid-2015 near zero.
Source: AME Info
DP World shareholders okay London delisting, Jebel Ali port buying
December 18, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 11.29 per cent higher at 3,557.89 points on Thursday, December 18, as a buying frenzy that started in Abu Dhabi yesterday has expanded to Dubai.
Dubai Ports (DP) World shares gained 1. per cent on Thursday, December 18.
Source: AME Info
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
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