Middle East ETF News Older than One Year
Tunisia Stock Exchange positive on economic prospects
November 27, 2011--Share prices on the Tunisian Stock Exchange (Bourse de Tunis – www.bvmt.com.tn) have been moving ahead all November, starting with a positive reaction to the meeting between Rachid Ghannouchi, leader of the Islamist Ennahda party and stock market executives only days after the election and moving forward as the politics progressed well.
Even before the election results were finalized from the 23 October election that swept Ennahda to power, Ghannouchi was meeting the bourse on 26 Oct to send the message that the government would be “business friendly”. It is the first Islamist party to win power since Hamas’ 2006 victory in Palestine.
Source: African Capital Markets
Dubai Gold & Commodities Exchange Weekly Market Commentary-November 27, 2011 Monday data is focused on housing, although also includes the Dallas Fed Manufacturing Outlook Survey.
Tuesday includes the Conference Board measure of consumer confidence, which is forecast to rebound to a reading of 44.4 in November after plunging in October to a reading of 39.8. The Michigan Sentiment index rose solidly in November.
Source: Dubai Gold & Commodities Exchange (DGCX)
Yemen's Saleh inks agreement to cede power
was brokered by the six-nation GCC, an initiative aimed at ending months of bloodshed, Bloomberg has reported.
Source: AME Info
Yemen's Saleh inks agreement to cede power
According to the terms of the accord, Saleh will transfer power to his deputy, Abdurabuh Mansur Hadi, to be followed 90 days later by a presidential election, UN's secretary general's special adviser on Yemen, Jamal Benomar, told reporters in the Yemeni capital, Sana'a. [AMEInfo.com]
Source: AME Info
Industrial shares weigh on Qatar market
The benchmark lost its tiny year-to-day gain during this rollercoaster week. Bellwether share Industries Qatar dipped 0.76% to QR131.10. Doha Bank bucked the trend by gaining 1.29% to reach QR63. Earlier in the day, the Qatar Exchange reported the total trading value during the Period of 20 November through November 24 reached QR1.3bn.
Source: AME Info
Abu Dhabi bourse heavyweights close unchanged
Abu Dhabi Commercial Bank resisted the downtrend by gaining 0.71%, closing at Dhs2.82. Only 20m shares were traded, valued at Dhs41.7m
Source: AME Info
DP World shares remain stuck below $10
Global maritime port operator DP World was the only share that posted a price change, closing 0.71% lower at $9.80, as global recession fears loom.
Source: AME Info
Glimmers of hope, as Dubai market rises by 0.11%
News that the UAE government will soon pass a new bancruptcy law, as The National reported, supported the sentiment. DFM shares rose in line with the market by 0.11%, closing at Dhs0.902. Emirates NBD added 0.91% to reach Dhs3.31. Real estate and construction bellwethers Emaar and Arabtec both closed even at Dhs2.50 and Dhs1.40, respectively. Some 62.1m shares were traded, valued at Dhs55m.
Source: AME Info
Yemen's Saleh inks agreement to cede power
According to the terms of the accord, Saleh will transfer power to his deputy, Abdurabuh Mansur Hadi, to be followed 90 days later by a presidential election, UN's secretary general’s special adviser on Yemen, Jamal Benomar, told reporters in the Yemeni capital, Sana'a.
Source: AME Info
Oman's draft budget foresees $3.1bn gap in 2012
"We set aside more expenditure for 2012 to create more jobs since we expect thousands of graduates to leave higher education next year, which results in a higher deficit," an official at the ministry's budget office told the news service.
Source: AME Info
November 27, 2011--Economic Data Overview
November 24, 2011--Yemeni President Ali Abdullah Saleh has signed a power-transfer agreement with his opponents that
November 24, 2011--Yemen: Yemeni President Ali Abdullah Saleh has signed a power-transfer agreement with his opponents that was brokered by the six-nation GCC, an initiative aimed at ending months of bloodshed, Bloomberg has reported.
November 24, 2011--The Doha-based QE Index ended 0.13% lower at 8,564.59 points Thursday.
November 24, 2011--The ADX General Index fell half a per cent to 2,418.13 points. Etisalat, Aldar Properties and Sorouh Real Estate all ended flat in a lacklustre session.
November 24, 2011--The FTSE NASDAQ Dubai UAE 20 Index closed at 1381.80 today, down -2.730, or -0.20%, from the previous close.
November 24, 2011--After hitting a 7-year low Wednesday, the DFM General Index ended 0.11% higher at 1,348.59 points.
November 24, 2011--Yemeni President Ali Abdullah Saleh has signed a power-transfer agreement with his opponents that was brokered by the six-nation GCC, an initiative aimed at ending months of bloodshed, Bloomberg has reported.
November 24, 2011--The Omani finance ministry has said the country’s 2012 draft budget has been set with a deficit of OR1.2bn ($3.1bn), Reuters has reported. Spending by the Sultanate is seen to rise 10% from an increased 2011 plan, after the government boosted the budget to create thousands of new jobs, the ministry said.
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