Middle East ETF News Older than One Year
UAE trading volumes low as both DFM and ADX close higher
October 9, 2013--Even as Union Properties surged close to five per cent in early part of yesterday's session amid the ongoing Cityscape, trading on UAE markets remain relatively subdued as volumes tapered
off that had begun on Tuesday, with investors retreating ahead of the holidays and earnings season that is to follow.
Source: Zawya
Palestinians Access to Area C Key to Economic Recovery and Sustainable Growth
October 8, 2013--More than half the land in the West Bank, much of it agricultural and resource rich, is inaccessible to Palestinians. The first comprehensive study of the potential impact of this 'restricted land,' released by the World Bank today, sets the current loss to the Palestinian economy at about US$3.4 billion.
Area C constitutes 61 percent of the West Bank and is the only contiguous land connecting 227 smaller separate and heavily residential areas. The 1993 Oslo Peace Accords stipulated that Area C be gradually transferred to the Palestinian Authority (PA) by 1998. This transfer has never taken place.
view the World Bank report-West Bank and Gaza-Area C and the Future of the Palestinian Economy
Source: World Bank
UAE shares end mixed
October 8, 2013--Dubai shares closed higher amid a big drop in trading volumes as investors retreat from the market ahead of the long Eid holidays next week.
The total volume of shares traded plunged 66.52 per cent to 461.09 shares with the value dropping from Dh1.09 billion to Dh497.86 million. Of the 27 stocks traded, 20 advanced, five declined and two remained flat.
Source: Zawya
Kuwait bourse ticks up as volume swells
October 7, 201300Kuwait stocks edged higher Monday, extending the gains to second straight session. The index rose 9.52 pts in lackluster pre-Eid trading to close at 7664.59 points.
Banks and most of the other heavyweights were muted even as the investors await the quarterly results. Some of the mid and low caps however shined on speculative buying. The KSX 15 benchmark eased 2.61 pts to 1088.01 points and has rallied almost 80 points in 2013 while the weighted index inched 0.47 points lower.
Source: Zawya
Qatar shares break 3-day rally on sell pressure
October 7, 2013--The Qatar Exchange yesterday opened the week weak after three consecutive days of a bullish spell.
An across-the-board selling-particularly in insurance,, telecom, consumer goods and transport-dragged the 20-stock Qatar Index (based on price data) by 0.30% to 9,731.50 points.
Source: AME Info
ADX signs agreement with Korea Exchange
October 7, 2013--Abu Dhabi Securities Exchange ( ADX ) said on Monday it has signed an agreement for comprehensive co-operation with Korea Exchange (KRX).
The agreement, signed by Deputy Chief Executive of ADX, Ghanem Al Dhaheri, in a ceremony in Seoul, provides the framework for ADX and KRX to work together on a number of joint ventures to enhance and develop the infrastructure and processes of ADX , the Abu Dhabi bourse said in a statement.
Source: Zawya
UAE shares decline as investors book profits ahead of Eid
October 7, 2013--UAE shares declined on Monday as investors booked profits ahead of next week's long Eid break amid no sign of any breakthrough in the US shutdown impasse.
Trading 1.38 billion shares with a value of Dh1.09 billion, the DFM General Index dropped 1.31 per cent to end at 2777.71. Of the 28 stocks traded, 20 declined, six gained and two remained flat.
Source: Zawya
DIFC reaches 1,000 company milestone
October 7, 2013--Dubai International Financial Centre (DIFC) announced on Sunday that over one thousand companies now operate from the centre.
As per DIFC Authority's operating figures for the first half of the year, the centre recorded 979 companies with a combined workforce of over 15,000 at the end of June 2013. The growth in the number of companies added in the third quarter stands at three per cent.
Source: Zawya
DFM declines, ADX gains
October 7, 2013--UAE stocks had a mixed day yesterday as Dubai declined and Abu Dhabi gained, both marginally, amid global uncertainty on US shutdown continuing and locally, no official confirmation coming on the merger of
the two bourses after last week's news reports that both hired banks to advise.
Source: Zawya.com
KSE stems 4-day slides, gains 30.43 pts
October 6, 2013--Kuwait stocks pulled higher Sunday, stemming the 4-day slide.
The index climbed 30.43 pts in slightly volatile trade to close at 7655 pts helped by speculative buying in some of the mid and low caps. The heavyweights however were mostly subdued even as the bourse heads towards the pre-Eid period.
Source: Zawya
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