Middle East ETF News Older than One Year
Qatar market rally halted
April 8, 2014--Following a ten-session long gaining streak, the Qatar Exchange 20 Index slipped by 0.22 per cent to close at 12,189.69 points on Tuesday, April 8. Islamic
Holding dived by 9.37 per cent to QAR66.70.
Source: AME Info
Dubai market rises amid negative market breadth
April 8, 2014--The Dubai Financial Market (DFM) General Index closed 1.92 per cent higher at 4,743.40 points on Tuesday, April 8.
Arabtec was the most liquid share and finished at AED6.66 (up by 6.05 per cent). Eleven shares gained and 16 declined in value.
Source: AME Info
Banque Saudi Fransi starts 2014 with solid quarter earnings
April 7, 2014--The Tadawul All-Share Index fell by 0.25 per cent to 9,507.58 points on Monday, April 7.
SABIC, the market bellwether, edged down by 0.64 per cent to SAR117. Banque Saudi Fransi added 0.24 per cent to SAR41. Earlier in the day, the lender revealed that its net profit reached SAR856 million for Q1 2014...
Source: AME Info
Abu Dhabi, Dubai bourses agree on merger
April 7, 2014--Sheikh Ahmed bin Saeed Al-Maktoum, head of Dubai's supreme fiscal council has said that an agreement to merge the Dubai Financial Market and the Abu Dhabi Securities Exchange had been reached in principle,
but nothing had been finalized, Reuters has reported.
Source: AME Info
Resilient Dubai market corrects the correction
April 7, 2014--The Dubai Financial Market General Index (DFMGI) closed 1.13 per cent higher at 4,641.31 points on Monday, April 7.
Gulf General Investment Company (GGICO) surged by 9.22 per cent to AED2.25. Meanwhile, banks' overall performances were weak. Investment bank Shuaa Capital fell by 4.12 per cent to AED1.63.
Source: AME Info
Abu Dhabi market hits 5,000 points
April 7, 2014-The Abu Dhabi Securities Exchange General Index (ADXGI) closed 0.92 per cent higher at 5,012.25 points on Monday, April 7.
National Corporation for Tourism and Hotels gained the most, ending 15 per cent higher (limit up) at AED13.80.
Source: AME Info
Qatar market is up and away
April 7, 2014--Ahead of the earnings season for the first quarter, the Qatar Exchange 20 Index gained 0.98 per cent to close at 12,216.75 points on Monday, April 7.
Mazaya Qatar rose by ten per cent to QAR18.39. Islamic Holding was one of the top losers, ending down by eight per cent to QAR73.60. Retail giant Mannai...
Source: AME Info
Khaleeji Commercial Bank leads Bahrain bourse advance
April 7, 2014--Posting its seventh gain in a row, the Bahrain All-Share Index closed 0.12 per cent higher at 1,375.55 points on Monday, April 7.
Market breadth, however, was negative, as three shares advanced, while six declined. Khaleeji Commercial Bank advanced by 3.77 per cent to reach BHD0.055. National Bank of Bahrain posted the biggest drop, finishing...
Source: AME Info
S&P affirms Qatar's ratings
April 6, 2014--Standard and Poor's (S&P) has affirmed its long and short term foreign and local currency sovereign credit ratings on Qatar at 'AA/A-1+' with a "Stable" outlook, Gulf Times has reported.
The country's strong net external and fiscal asset positions balance the concentration risk related to the economy's reliance on the oil and gas sector, S&P..
Source: AME Info
Ma'aden gets $2 billion financing for SABIC phosphate joint venture
April 3, 2014--The Tadawul All Share Index advanced by 0.22 per cent to 9,558.46 points on Thursday, April 3.
SABIC fell by 0.21 per cent to SAR118. Saudi Arabian Mining Company (Ma'aden) fell by 0.54 per cent to SAR36.5. Today,
Source: AME Info
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