Middle East ETF News Older than One Year
ADIB is the share of the day at Abu Dhabi bourse
February 5, 2014--The Abu Dhabi market index ADXGI rebounded by 0.60 per cent to hit 4,689.20 points on Wednesday, February 5.
Abu Dhabi Islamic Bank (ADIB) jumped by 6.25 per cent to AED7.65. Earlier in the day, the bank said group net profit for 2013 increased by 20.7 per cent to AED1,450.2 million, after taking credit provisions
Source: AME Info
UPP is up as market's top gainer
February 5, 2014--The Dubai Financial General Index DFMGI closed 1.65 per cent higher at 3,875.13 points on Wednesday, February 5.
Union Properties (UPP) jumped as the top gainer by 9.82 per cent to AED1.79. Earlier in the week, UPP said that it generated a net profit of AED1.579 ($430.597) in 2013, an eight-fold increase over 2012.
Source: AME Info
Merger due diligence concluded for DFM, ADX: report
February 5, 2014--The emirates of Abu Dhabi and Dubai have completed due diligence on a potential merger of the their two stock markets, bringing the combination a step closer, Bloomberg has reported, citing two people familiar with the matter.
The merger would come after the exchanges failed to attract local listings in 2013 and would create the ...
Source: AME Info
DP World gains on HSBC UAE PMI report
February 4, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 0.31 per cent higher at 3,723.23 on Tuesday, February 4.
Dubai Ports (DP) World surged by 1.11 per cent to $18. Earlier in the day, bank HSBC said that the headline purchasing managers index fell slightly from December's 57.4 to 57.1 in January, signalling a further improvement ...
Source: AME Info
Telecom giant Ooredoo dips on Standard & Poor's rating review
February 4, 2014-The Qatar Exchange 20 Index lost 0.89 per cent, falling to 11,049.69 points on Tuesday, February 4.
Ooredoo, formerly Qatar Telecom, slipped by 1.94 per cent to QAR146.20. Earlier in the day, Ooredoo said that Standard & Poor's revised its credit rating from investment grade A to A-, while the its outlook was raised to ...
Source: AME Info
Waha Capital net profit soar,, but shares fall
February 4, 2014--The Abu Dhabi market index ADXGI fell for the second session straight on Tuesday, February 4, and closed 0.36 per cent lower at 4,661.65 points.
Waha Capital dived by 5.86 per cent to AED2.73. Earlier in the day, Waha said that its net income in 2013 amounted to AED306.4 million ($83.55m), up by 43 per..
Source: AME Info
Dubai market rebounds despite bad US data as technical error halts trading
February 4, 2014--manufacturing data-which expanded in January at the weakest pace in eight months-and subsequent plummeting Asian markets.
However, the market managed the turnaround and ended in the green, closing 1.04 per cent higher at 3,812.15 points. Several attempts by AMEinfo.com to call the DFM or any DFM broker failed,
Source: AME Info
Ma'aden banks on SAMAPCO
February 3, 2014--The Tadawul All Share Index lost 0.32 per cent to 8,806.92 points on Sunday, February 3.
Saudi Arabian Mining Company (Ma’aden) gained 1.31 per cent to SAR31. Earlier in the day, Ma’aden said further to its announcement on August 4, 2013, related to the operation and production of Sahara Petrochemical Company (down by 1.40 per...
Source: AME Info
Resilient Dubai market shrugs off global woes
February 3, 2014--Those on the Dubai Financial Market (DFM) trading floor cheered at 12.45am local time when the DFM General Index turned into the green after a sluggish start into Monday,
Despite index losses in Japan (the Nikkei hit a 2.5-month low earlier in the day) and in Germany, the DFMGI closed 0.49 per...
Source: AME Info
Fickle oil prices weigh on Kuwait Stock Exchange
February 3, 2014--The KSE Market Index lost 0.30 per cent to 7,786.72 points in Monday, February 3.
Oil prices (US crude) traded 0.75 per cent lower at approximately $97.50 per barrel, weighing on the sentiment. Kuwait, which produces more crude oil per day than Algeria and Indonesia together, sources 95 per cent of its federal budget from...
Source: AME Info
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