Middle East ETF News Older than One Year
Mideast Stocks: Uber-Careem deal boosts Saudi, real estate hurts Dubai
March 26, 2019--Saudi shares rose on Tuesday boosted by a 10 percent surge in travel operator Al Tayyar Group, a shareholder in ride hailing app Careem which Uber has agreed to buy.
Source: Zawya.com
Mideast Stocks: Egypt hit by sell-off of blue chips, financials lift Qatar
March 25, 2019--Egypt's index fell sharply on Monday, pulled down by its blue-chip shares, while Qatar's index was lifted by its financial stocks.
The Egyptian blue-chip index dropped 1.2 percent, with 26 of its 30 stocks declining.
Source: Zawya.com
Mideast Stocks: Saudi near-4 year high days after entering FTSE Russell index
March 21, 2019--All of Saudi Arabia's banks rose on Thursday, lifting its stock exchange to a near-four year high following its inclusion in the FTSE Russell's emerging-market index this week.
Saudi's Tadawul index will have a weighting of 2.9 percent in the FTSE Emerging All Cap Index and this year will join the MSCI emerging market benchmark.
Source: Zawya.com
Mideast Stocks: Petrochemicals companies hold back Saudi as rival markets firm
March 20, 2019--Saudi Arabia's stock market dropped on Wednesday as petrochemical companies slid amid falling oil prices while rival markets were mostly lifted by financial stocks.
The Saudi index eased 0.2 percent from the multi-year closing high hit after it entered FTSE Russell's emerging-market index on Monday.
Source: Zawya
Mideast Stocks: Saudi eases back from multi-year closing high
March 19, 2019--Saudi Arabia's stock index edged down on Tuesday after closing at a near-four year high on Monday, which was its first day as a member of FTSE Russell's emerging-market index. Most other major Middle Eastern markets were mixed in muted trading.
Source: Zawya.com
Mideast Stocks: Saudi inches up after index inclusion, Egypt hits 3-month low
March 19, 2019--Saudi Arabia's stock index edged up on Tuesday after touching a near-four year high on Monday, which was its first day as a member of FTSE Russell's emerging-market index.
Egypt's blue-chip index, meanwhile, was pulled down by a wide sell-off to its biggest intra-day loss this year.
Source: Zawya.com
Mideast Stocks: Saudi closes at near 4-year high as it joins FTSE Russell index
March 18, 2019--Saudi Arabia's benchmark stock index closed at its highest in nearly four years on Monday as bank shares rose on its first day as a member of FTSE Russell's emerging-market index, which is expected to attract billions in passive fund inflows.
Source: Zawya.com
Saudi Tadawul sees $2.5bln foreign inflows in 11 weeks
March 18, 2019-- Foreign investors in the Saudi Stock Exchange (Tadawul) are seeking to ratchet up their investments, buoyed by the anticipation to upgrade Tadawul by international index compilers FTSE Russell, MSCI, and S&P Dow Jones indices.
Source: Zawya.com
Saudi Arabia Inclusion to FTSE Russell and S&P Dow Jones Into Emerging Market Indices
March 18, 2019--Today marks the commencement of the first phase of Saudi Stock Exchange's inclusion into the FTSE Russell and S&P Dow Jones Indices (S&P DJI), both leading providers of global equity indexes.
FTSE Russell Emerging Markets Inclusion
Inclusion of Saudi Arabia into the FTSE Russell Emerging Markets (EM) index will occur in five tranches over the next 12 months, the first of which will be completed today. This initial tranche of 25% will be split over March 2019 and April 2019 (10% and 15% respectively) to ensure a smooth transition. The remaining 75% will be implemented in conjunction with quarterly reviews in June 2019, September 2019 and March 2020.
Source: The Saudi Stock Exchange (Tadawul)
Mideast Stocks: Abu Dhabi snaps losing streak, DISB hits Dubai
March 14, 2019--The Abu Dhabi stock market rose on Thursday, recovering some losses it suffered over 10 straight sessions, while Dubai was pulled down by Dubai Islamic Bank's going ex-dividend
The Abu Dhabi index rose 1.9 percent. First Abu Dhabi Bank, the United Arab Emirates' biggest bank, gained 2.8 percent and Emirates Telecommunications rose 3.7 percent.
Source: Zawya.com
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