Middle East ETF News Older than One Year
BlueStar Israel Equity Review & Outlook-January 2019
January 17, 2019--Israeli Equities End 2018 Significantly Ahead of Developed International Peers-Isreal Tech Remains Positive and Leads US & Global Tech Benchmarks
Israeli stocks, as defined by the BlueStar Israel Global Index(R) (BIGI(R)), finished the year with a sharp 11.04% drop in December, bringing 2018 YTD performance to -6.01%.
In spite of this turbulence and late-year swoon, Israeli stocks ended 2018 with a substantial 7.35% outperformance above MSCI EAFE's weak 2018 return of -13.36%.
Israeli technology stocks, as defined by The BlueStar Israel Global Technology IndexTM (BIGITech(R)), lost 6.61% in December but remained positive with a return of 0.58% for the 2018 calendar year.
BIGI(R) outperformed the local TA-125 Index by 3.44% in 2018, as the TA-125 has missed out on the performance of some of Israel's top foreign-listed technology companies.
Source: BlueStar Global Investors LLC
GCC Equities Review: Abu Dhabi ascends despite dramatic Dubai downfall
January 16, 2019--Investing in two stock markets in the same country would not usually be considered a way of diversifying assets, but investors who had stakes in both of the United Arab Emirates' main equities exchanges last year will have noted that that there was little in the way of correlation between them.
Source: Zawya.com
More in the tank: Higher oil prices dent Gulf bond and sukuk issuance in 2018-report
January 13, 2019--A higher average oil price over the course of 2018 meant Gulf governments tapped debt capital markets less frequently throughout the year, a new report has said.
A note from KAMCO Research, a division of Kuwait Asset Management Company, published last week stated that "after three consecutive years of growth and record issuances in 2017", the fixed income market in the Gulf Cooperation Council (GCC) paused last year, with primary debt issuance of bonds and sukuk falling by 14.1 percent to $105.9 billion.
Source: Zawya.com
Mideast Stocks: Gulf mostly up ahead of results season, Global Telecom plunges in Egypt
January 13, 2019--Most Gulf markets closed in positive territory on Sunday but trading volumes were thin as investors awaited company results reporting that will begin this week.
In Egypt, the index gained 1.2 percent, but Global Telecom Holding plunged 7 percent after announcing earlier on Sunday its plan to convert outstanding shareholder loans of $370.6 million plus accrued interest into equity.
Source: Zawya.com
Mideast Stocks: Gulf edges up ahead of results season, DP World gains on Chile deal
January 13, 2019--Gulf markets were slightly higher in thin trading volume early on Sunday, mirroring last week's muted close in global stock markets as investors took a breather ahead of company results reporting, which will start this week.
Source: Zawya.com
Mideast Stocks: Property stocks hurt Dubai, industrials lift Egypt
January 8, 2019--The Dubai stock market reversed course to slide on Tuesday as its property shares fell, while Egypt's blue-chip index gained for a fifth straight session, aided by its industrial stocks.
Source: Zawya.com
Mideast Stocks: Egypt falls for fifth day, banks boost Qatar
December 26, 2018--Egypt's blue-chip stock index fell for a fifth straight day on Monday, while Saudi Arabia edged up as oil prices rebounded moderately after plunging nearly 8 percent at the end of last week.
Source: Zawya.com
Mideast Stocks: Gulf moves sideways despite oil tumble, banks boost Egypt
December 26, 2018--Gulf stock markets largely moved sideways on Wednesday despite Brent oil's LCOc1 decline below $50 a barrel for the first time since July 2017, while Egypt's blue-chip index rose sharply, led by rebounding bank shares.
Source: Zawya.com
Mideast Stocks: Real estate hurts Dubai, all major Gulf markets fall
November 20, 2018--Real estate shares led Dubai stock market lower on Thursday, while all major Middle Eastern bourses fell with other global equity markets
Source: Zawya
Mideast Stocks: Banks drive Egypt gain, petrochemicals boost Saudi
December 17, 2018--A rebound in bank shares lifted Egypt's blue-chip stock index on Monday, while petrochemicals boosted Saudi Arabia's index.
The Egyptian blue-chip index was up 1.7 percent-about twice the rise of the broader EGX100 index-as the biggest bank, Commercial International Bank (COMI), increased 3.5 percent.
Source: Zawya.com
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