Middle East ETF News Older than One Year
Inflation fears do not worry Dubai market
March 25, 2014--The Dubai Financial Market General Index (DFMGI) regained 0.63 per cent to reach 4,345.49 points on Tuesday, March 25.
Emaar added a tiny 0.22 per cent to close at AED9.77. National General Insurance plummeted by ten per cent to AED5.41. Meanwhile, economists and bankers warn of rising inflation in the UAE.
Source: AME Info
Qatar Cinema shareholders approve 20 per cent cash dividend
Tuesday, March 25, 2014--The Qatar Exchange 20 Index added 0.45 per cent to close at 11,309.53 points on Monday, March 25.
Qatar Cinema and Film Distribution Company plummeted by 5.92 per cent to QAR41.35. Earlier in the day, the firm revealed that the ordinary general assembly approved the board of directors' remuneration, which is QAR917,280, and the distribution..
Source: AME Info
SABIC, Tadawul in spring-break mood
March 25, 2014--Lacklustre Tadawul market saw its main gauge, TASI, closing insignificantly higher at 9,433.21 points on Tuesday, March 25.
SABIC, the world’s biggest producer of petrochemical products and metals, closed flat at SAR116.75. Trading was muted, as many Saudi nationals spend their spring holidays abroad.
Source: AME Info
TAQA shares plummet in annual net loss
March 25, 2014--The Abu Dhabi Securities Exchange General Index (ADXGI) advanced 0.29 per cent to 4,816.71 points on Tuesday, March 25.
Market bellwether Etisalat gained slightly, closing at AED11.95. Abu Dhabi National Energy Company (TAQA) dived by ten per cent to AED1.26. Earlier in the day, TAQA revealed that it suffered a net loss of AED2.390 billion..
Source: AME Info
Kuwait market consolidates above 7,500 points
March 24, 2014--The KSE Market index added 11.6 per cent to reach 7,554.09 points on Monday, March 24.
Logistics giant Agility was one of the most liquid shares and closed 7.35 per cent higher at KD0.730. Only Al-Nawadi Holding gained more as the investment firm surged by 8.77 per cent to KD0.124. National Consumer Holding fell by […]
Source: AME Info
Saudi Electricity kicks off global sukuk roadshow
March 24, 2014--A lacklustre Tadawul market saw its main gauge, TASI, closing insignificantly higher at 9,429.21 points on Monday, March 24.
SABIC, the world's biggest producer of petrochemical products and metals, closed unchanged at SAR116.75. Shares of Saudi Electricity Company (SEC) slipped by 0.63 per cent to SAR15.80. SEC says it will conduct a series of meetings...
Source: AME Info
Green Crescent Insurance cuts losses by 75 per cent
March 24, 2014--The Abu Dhabi Securities Exchange General Index (ADXGI) dipped by 0.09 per cent to 4,790.92 points on Monday, March 24.
Green Crescent Insurance plummeted by 4.55 per cent to AED1.26. Earlier in the day, the insurer said it generated a net loss of AED4.65 million ($1.26m), down from AED17.4m ($4.74m).
Source: AME Info
Overbought Dubai market takes a dip
March 24, 2014--After closing on the upper Bollinger band for the third time yesterday, the Dubai Financial Market General Index (DFMGI) finished 0.65 per cent lower at 4,138.48 points on Monday, March 24.
Arabtec, as the most liquid share, finished 1.06 per cent lower at AED5.61. Emaar fell back by 0.81 per cent to AED9.75. SHUAA Capital...
Source: AME Info
Mazaya Qatar more than doubles annual net profit
March 24, 2014--The Qatar Exchange 20 Index declined by 0.72 per cent to close at 11,258.51 points on Monday, March 24.
The shares of Mazaya Qatar Real Estate Development Company jumped by 6.61 per cent to QAR13.38. Earlier in the day, Mazaya Qatar revealed for 2013 a net profit of QAR134 million ($36.18m) versus QR62.8m ($16.95m) in 2012.
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Source: AME Info
UAE's MSCI upgrade to bring $1bn windfall
Passive index trackers are institutional investors who follow certain fixed global investment trends via stock indexes, but many had been prevented from investing in UAE stocks when they had only "frontier" status.
Source: The National
March 22, 2014--About US$1 billion will flow into UAE stock markets from foreign index trackers alone as a result of the upgrade to emerging market status by MSCI later this year, experts believe.
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