Middle East ETF News Older than One Year
Composition of TASE Corporate Bond Indices as of October 15th, 2012
October 10, 2012--As of October 15th, 2012 the composition of the corporate bond indices will be updated
Source: TASE
Aluminum Bahrain gains on settling multi-million dollar fraud suit with Alcoa
October 10, 2012--The Bahrain All-Share Index ended up 0.20% at 1,063.92 points.
Shares of Aluminum Bahrain or Alba added 1.24% to hit BD0.49. Earlier in the day Alba said settled a $447m fraud suit filed against U. S. based aluminum giant, Alcoa, in the United States District Court for the Western District of Pennsylvania. "This momentous achievement is the first case brought by a foreign business in a U.S. court, to recover losses resulting from alleged corrupt activity by corporations and individuals in the United States and elsewhere," Alba said in an e-mailed statement. The investigations were carried out by the US Department of Justice under the Foreign Corrupt Practices Act, which continued throughout the last four years since the case was filed on February 28th, 2008. They reported that Alba paid out $420m in inflated prices for operations between 1997 and 2009. "This is a remarkable achievement for any corporation to win against an industrial heavyweight for a multi-million dollar settlement," Alba added.
Source: AME Info
DGCX Records Highest Monthly Volumes in History
September monthly volumes total 971,675 contracts, valued at $38.08 billion
Euro futures reach highest 2012 monthly volume record
October 9, 2012--Dubai Gold and Commodities Exchange (DGCX) registered its highest ever monthly volumes in September, reaching 971,675 contracts, a 100% increase from the
same month last year.
The Exchange’s total monthly volume was valued at $ 38.08 billion, the highest ever monthly trading value its has ever recorded. DGCX ended the third quarter of the year with year-to-date volumes of 6,724,161 contracts, a significant rise of 143% from last year.
Source: Dubai Gold and Commodities Exchange (DGCX)
Kuwait Stock Exchange fails to crack 6,000 points (as yet)
October 9, 2012--The unsuccessful storm of the resistance barrier at 6,000 points, which the KSE Maket Index briefly touched at the start of the week, was confirmed on Tuesday's trading session.
The gauge closed insignificantly lower at 5,993.19 points. Like many blue chips in the
Source: AME Info
DGCX Records Highest Monthly Volumes in History
September monthly volumes total 971,675 contracts, valued at $38.08 billion
Euro futures reach highest 2012 monthly volume record
October 09, 2012--Dubai Gold and Commodities Exchange (DGCX) registered its highest ever monthly volumes in September, reaching 971,675 contracts, a 100% increase from the
same month last year.
The Exchange’s total monthly volume was valued at $ 38.08 billion, the highest ever monthly trading value its has ever recorded. DGCX ended the third quarter of the year with year-to-date volumes of 6,724,161 contracts, a significant rise of 143% from last year.
Source: DGCX
Saudi food giant Almarai reports higher Q3 profit, shares close flat
October 8, 2012--The Tadawul All-Share Index fell 0.82% to 6,807.3 Monday.
Sabic, the world's largest petrochemicals producer declined 0.75% to SR89. Shares of dairy food producer Almarai Company closed even at SR67.75. Earlier in the day Almarai said it generated in the third quarter a consolidated net profit amounting to SR450.0m , an increase of 4.7% compared to the same period last year (SR429.7m) and an increase of 18.6% compared to the second quarter 2012 (SR379.5m).
Source: AME Info
Muscat market advances the seventh trading session straight, hits 3-month high
October 8, 2012--The MSM30 Index added 0.21% to reach 5,662.10 points, representing the measure's highest level since July 1.
Oman Refreshment gained the most, closing 3.12% higher at OR2.350. Mobile operator Nawras was the most liquid share, ending up 1.37% at OR0.518. Despite the recent advance, the Omani stock market trades still half a percentage lower on than on January 1 this year.
Source: AME Info
Abu Dhabi market decline halted
October 8, 2012--Shares of First Gulf Bank (up 0.30%) and RAK Properties (2.78% higher) saved the ADX General Index from dropping for the third consecutive day.
The gauge ended flat at 2,648.03 Monday. Aldar Properties (off 0.75%) and telecom giant Emirates Telecommunications Corp. (slightly lower) weighed on Abu Dhabi's market measure which has advanced 10.17% since January 1
Source: AME Info
Egyptian Exchange: New System Of Calculating Closing Prices Is Active As Of 4 October 2012
October 4, 2012--Starting of Thursday 4 October, 2012, the Egyptian Exchange (EGX) will start applying the new mechanism to calculate closing prices after the successful update of the current trading system (X Stream OMX).
This new system would increase the orders execution speed, in addition to some additional features.
This update to the current system will enable applying the new mechanism of the shares closing prices determinants approved recently by The Egyptian Financial Supervisory Authority (EFSA). This aims to reduce price volatility resulting from the limited volume of trading on those shares. In the new system the value of shares required to change the closing price is not less than 0.5% of the average daily traded value per share, giving that share value is not less than LE 10,000.
Source: Mondovisione
Profit booking at Saudi insurers weighs on market index
October 3, 2012--The Tadawul All-Share Index dipped 0.13% to close at 6,887.29 points.
ACE Arabia Cooperative Insurance Co. lost the most, ending off seven percent at SR159. Five out of the six top losing shares were insurers on Wednesday, as the sector has been the best performing segment year-to-date. Gains at petrochemical leader Sabic (up 0.30% at SR91.50) failed to support the market. Trading volumes were low. 50 shares advances, while 82 stocks declined in value.
Source: AME Info
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