Middle East ETF News Older than One Year
Saudi Stock Exchange loses slightly
September 10, 2012--The Saudi Arabian Tasi market measure fell 0.33% to 7,072.6 points Sunday amid volatile input from Asian and Western markets.
Allied Cooperative Insurance Group gained the most (up 10% at SR48.60). Sabic remained in a stutter mode, ended down 0.30% at SR90.50. Dar Alarkan Real Estate Development Company declined 2% to SR10.
Source: AME Info
Al Meera dips, extends Islamic financing facilities
September 10, 2012--The QE Index fell recovered 0.23% to close at 8,477.76 points Monday.
Al Meera Consumer Goods slipped 0.12% to QR166. Earlier in the day Al Meera said announced that Barwa Bank has extended to the company's Islamic banking facilities amounting to QR900m, "which will be used to repay all existing bank debts in full, and to finance future expansion and acquisition plans of the company and its subsidiaries," Al Meera said in a statement to the Qatara Exchange in Doha.
Source: AME Info
DP World bounces back amid high trading turnover
September 10, 2012--The FTSE NASDAQ Dubai UAE 20 Index closed 0.11% lower at 1682.52 Monday.
Dubai Ports (DP) World gained half a percentage point to reach $10.35. Interior design firm Depa Limited plummeted 14.85% to $0.304.
Source: AME Info
Julphar jumps as pharmaceutical giant opens new insulin facility
September 10, 2012--The ADX General Index gained the fourth session straight Monday, closing 0.20% higher at 2,592.64 points.
Merger candidates Sorouh Real Estate and Aldar Properties were most actve by volume and gained 0.81% and 1.70%, respectively. Shares of Gulf Pharmaceutical Industries or Julphar soared 5.17% to hit Dhs3.05. Earlier in the day Julphar said it opened a new insulin manufacturing facility in its home emirate Ras al-Khaima. The new Dhs500m plant has a capacity of 1,500 kg of insulin or 45m vials per year.
Source: AME Info
Dubai market falls back, Shuaa bucks downtrend
September 10, 2012--The Dubai Financial Market General Index closed 0.90% lower at 1,557.21 points.
While Islamic home finance provider Tamweel and GGICO ended even, Emaar declined 1.18% at Dhs3.36. Shuaa Caipital posted the largest advance, ending 2.92% higher at Dhs0.634. Five shares gained, 20 fell and five closed unchanged.
Source: AME Info
Dubai market falls back, Shuaa bucks downtrend
September 10, 2012--The Dubai Financial Market General Index closed 0.90% lower at 1,557.21 points.
While Islamic home finance provider Tamweel and GGICO ended even, Emaar declined 1.18% at Dhs3.36. Shuaa Caipital posted the largest advance, ending 2.92% higher at Dhs0.634. Five shares gained, 20 fell and five closed unchanged.
Source: AME Info
Volatile Qatar Exchange eyes 8,500 points
September 6, 2012--The QE 20 Index added 0.20%, closing at 8,467.20 points.
The insurance segment and the transport sector helped the gauge in particular to stay afloat. Doha Bank ended flat at QR56. Year-to-date, the market measure has lost 3.50%. Citigroup said Wednesday in a study on frontier markets "In our view, winning the 2022 FIFA World Cup bid did not add significantly to the pipeline of projects in Qatar, but did create a publicly observable target for completion of projects previously delayed by the financial crisis."
Source: AME Info
Kuwaiti banks weigh on market index
September 6, 2012--The KSE Market Index slipped 0.04% to 5,907.57 points.
The lenders Kuwait National Bank, Commercial Bank of Kuwait and Al-Ahli Bank of Kuwait ended slightly in the red. Islamic financial institution Burgan Bank jumped over 5%. Over the week, the market measure added 0.76%.
Source: AME Info
Abu Dhabi bourse ends first September week flat
September 6, 2012--The ADX gauge rose Thursday back to the level from end of August, closing a quarter percentage point higher at 2,562.67.
The rebound was fuelled by the banks, developers and industry shares. Merger candidates Sorouh and Aldar gained 3.70% and 1.70%, respectively. National Marine Dredging Co. posted the biggest decline (down 10% at Dhs9.45). Some 67m shares were traded, valued at Dhs95m.
Source: AME Info
EFG Hermes sees Dubai market in accumulation phase
September 6, 2012--The Dubai Financial Market General Index or DFMGI added 0.35% to reach 1,555.58 points Thursday.
Investment bank EFG Hermes said in its daily short-term update "The DFMGI is still in accumulation; while a close above 1555 should commence a short-term uptrend." Emaar as the most liquid shares regained further ground, closing 1.21% to hit Dhs3.34. Gulf General Investment Co. or GGICO lost the most (off six percent at Dhs0.325). Turnover improved slightly as 93m shares were traded, valued at Dhs79m.
Source: AME Info
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