Middle East ETF News Older than One Year
Batelco helps Bahrain Bourse to halt decline
June 06, 2012--The Bahrain All-Share Index added 0.10%, ending at 1,132.17 points Wednesday.
Bahrain Telecom, known as Batelco, added 0.42% to reach BD0.474. Aluminum Bahrain or Alba and Ahli United Bank closed unchanged. Year-to-date, the Bahrain Bourse fell by one percent amid ongoing political uncertainty in the Kingdom.
Source: AME Info
Even when reigonal markets rebound, the Qatar Exchange is left behind
June 05, 2012--The Doha-based QE 20 Index slipped 0.13% to 8,322.19 Tuesday, despite modest gains at most other GCC equity markets.
All sector indexes with the exception of the transport segment ended in the red. Qatar Islamic Bank and Qatar Navigation bucked the sluggish market trend and added 0.40% and 0.50%, respectively.
Source: AME Info
Arkan Building Materials, Aldar Properties lift Abu Dhabi bourse
June 05, 2012--A sharp last-minute rise lifted the ADX General by half a percentage point to 2,433.39 points Tuesday.
Arkan Building Materials posted the largest jump , adding 7.89% to hit Dhs0.83. Aldar Properties was the most active share by value, gaining 3.85% to finish at Dhs1.10. Bellwetehr Etisalat closed unchanged. Market breadth was positive as the advance/decline-ratio ended 2 to 1. Around 80m stocks worth Dhs99.5m changed hands.
Source: AME Info
Asian input helps Dubai market to re-gain territory
June 05, 2012--The DFM General Index broke a frustrating losing streak Tuesday, closing 0.90% higher at 1,449.80 points.
East Asian indexes rebounded on hopes global policy makers would follow Australia's Reserve Bank in taking measures to stimulate markets, Bloomberg reported. Bahrain's Gulf Finance House or GFH gained the most (up 4.55% at Dhs0.551). Earlier in the day, the Islamic investment bank said a high-level Turkish delegation visited GFH's "Tunis Financial Harbour", which is under construction, in order strengthen a strategic co-operation. The UAE's first real estate developer Emaar Properties, as the most liquid share, added 2.54% to hit Dhs2.83. Seventeen shares gained, four declined and four closed flat. Some 89.3m shares were traded, valued at Dhs89.9m.
Source: AME Info
Iran trade sanctions hurt UAE
June 05, 2012--The UAE's has said international financial sanctions against Iran are hurting its trade with the Islamic Republic, Reuters has reported.
“Trade with Iran was always with consumable items…We should not really stop that. The issue is with the financial transactions…regarding that, it has been affected,” the UAE’s economy minister Sultan bin Saeed Al-Mansouri told a news conference. “If you want to export 20 tonnes of rice, the financial system does not allow you to do that,” Al-Mansouri said without providing further details.
Source: AME Info
Bahrain Bourse slips by a quarter percentage point
June 5, 2012--The Manama-based market has not picked in trading activity in 2012, as nine tenths of listed stocks are not listed on a daily basis.
On Tuesday, the Bahrain All Share Index fell 0.25% to close at 1,131.46 points. Al-Ahlia Insurance advanced 2.58% to hit BD0.318. National Bank of Bahrain lost the most (off3.64% at BD0.530.
Source: AME Info
Tadawul market recovery continued
June 04, 2012--The Saudi Stock Exchange's benchmark index TASI gained for the second consecutive trading session Monday.
The gauge added 0.33% and finished at 6,770.19 points, although market breadth was negative. Forty-nine out of 152 symbols traded advanced, while 19 declined and 24 securities closed unchanged. The rebound in Riyadh occured despite heavy losses in East Asia and Europe as concerns over the global economy dominate investors' sentiments.
Source: AME Info
DP World shares continue to trade in narrow range
June 04, 2012--The FTSE NASDAQ Dubai UAE 20 Index closed at 1522.05 off 0.38%, from the previous close.
DP World fell 1.07% to close at $10.15 amid rising trading volumes compared to the last two session. Since May 8, DP World has been trading in a range between $10 and $11.
Source: AME Info
Qatar Exchange decline halted as market index closes flat
June 04, 2012--The QE 20 Index finished Monday trading session at 8,332.64 points.
While most financials posted small advances, industry and real estate shares performed negatively. International Islamic Bank soared 2.06% to reach QR49.50. With a year-to-date loss of five percent, the Doha-based market is the worst performing bourse in the GCC.
Source: AME Info
Abu Dhabi real estate leaders gain, banks remain under pressure
June 04, 2012--The ADX General Index declined 0.18% to hit 2,422.39 points, as oil prices continued to slide Monday (down nearly two percent at $96.75 per barrel (Brent).
Developers Aldar Properties and Sorouh Real Estaet recovered by 3% and 1.05%, respectively. Etisalat and Dana Gas ended unchanged. The financials were mostly behind the market index decline, as the emirate's first lender National Bank of Abu Dhabi or NBAD fell 2.35% and RAK Bank declined 1.43%, respectively.
Source: AME Info
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