Middle East ETF News Older than One Year
Dubai and Abu Dhabi move in opposite directions
January 5, 2014--Dubai and Abu Dhabi stock markets traded in opposite directions on Sunday due to lack of activity.
Financial and investment shares dragged Dubai's DFM index down by 0.13 per cent to close at 3467.18 points.
Source: Zawya
Bourse up 1.48% as local retail investors continue to be net sellers
January 4, 2014--Local retail investors continued to be net sellers, ahead of the QR3.23bn initial public offer of a Qatar Petroleum unit, but with lesser vigour, nevertheless Qatar Exchange ( QE ) settled 1.48% higher in the first week of 2014.
Of the four sessions, three of them were in the positive turf in the week that witnessed Mesaieed Petrochemical Holding Company's (MHPC) 323.19mn shares at QR10.2 a piece hit the market, which will run until January 21.
Source: Zawya
Real estate sector rises over 2%
January 3, 2014--Despite a plunge of 33 points after the opening bell, the benchmark Tadawul All-Share Index (TASI) finished with a balmy gain of 0.15 percent or 12.78 points, closing at 8,618.12.
Positive performance was boosted by Real Estate Development sector, which surged 103.3 points or 2.15 percent to close at 4,898.69. Petrochemical Industries was another significant gaining sector, advancing by 0.6 percent for the day. Insurance sector, on the other hand, posted the largest losses, falling 0.86 percent to close the day at 1,192.54. Top 10 market cap companies closed the day in mixed territories, showing small changes from previous day's level.
Source: Zawya
QE market cap rises to QR561.7bn
January 3, 2014--The Qatar Exchange index gained 154.10 points (1.48 percent) last week when the bourse closed yesterday at 10,545.27 points.
Trading value during last week decreased by 41.71 percent to reach QR1.2bn compared to QR1.9bn. Trading volume decreased by 47.44 percent to reach 30,505,003 shares, as against 58,041,625 shares the previous week, while the number of transactions fell by 42.63 percent, to reach 16,912 last week as compared to 29,478 the previous week.
Source: Zawya
Rally in bank shares propels UAE indices higher
January 2, 2014--UAE indices started the new year on a strong footing on Thursday, led by bank shares.
Among the Gulf markets, Dubai was the top performer, followed by Abu Dhabi and Qatar.
Source: Zawya
Saudi share market capitalization reached SAR1.75 trn
January 2, 2014--The Saudi stock market in 2013 posted the strongest annual performance since 2009 with the Tadawul All-Share Index (TASI) up 25.5 percent.
According to the Tadawul Annual Statistical Report released on Wednesday, at the end of 2013, TASI closed at 8,535.60 points compared to 6,801.22 points for the previous year, thus gaining 1,734.38 points (25.50 percent). The highest close level for the index (TASI) during the year was 8,561.84 points as on Dec. 23.
Source: Zawya
Transport sector stays in limelight
January 2, 2014--The Saudi stock market ended Wednesday's trading session solidly in the green.
The benchmark Tadawul All-Share Index (TASI) spending entire session in the green territory edged higher to 8,605.34, up nearly seventy points or 0.82 percent from previous level.
Eleven out of Tadawul's 15 sectors extended gains, reflecting an accumulation of 667.8 points.
Source: Zawya
ADX in search to award market making licence
January 1, 2014--The Abu Dhabi stock exchange is in talks with banks and financial institutions to award a licence for market making.
The move comes amid efforts by financial regulators to make the UAE's bourses as liquid as the exchanges of New York and London.
Market makers are intermediaries that keep trade flowing by buying and selling stocks when no other buyer or seller is available.
Source: The National
Bawan Co. clinches top gainer spot
December 31, 2013--Saudi Arabia's benchmark Tadawul All-Share Index (TASI) managed a second straight rise Monday, marking another gain of 0.3 percent.The index wavering within a range of 44.4 points ended nearly 25.3 points higher to 8,520.02. On year-to-date basis, it showed a yield of 25.3 percent.
Med cap indices showed the best performance, advancing more than half percent. All sectors extended gains except Media and Banking, which pared 19.2 points jointly. Remaining 13 sectors showed a collection of 416 points.
Source: Zawya
QE extends losses to 3rd session ahead of QP unit IPO
December 30, 2013--The Qatar Exchange yesterday opened the week weak, ahead of the QAR3.23bn initial public offering of Qatar Petroleum unit,
which will hit the market tomorrow.
Source: Zawya
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