Middle East ETF News Older than One Year
Qatari bank shares stabilise as loan growth booms
September 20, 2011--In Doha, the QE Index gained on Tuesday by 0.46% to reach 8,444.67 points.
Bank shares gained further ground, with Qatar National Bank, Doha Bank and Al Ahli Bank ending flat. Qatar Islamic Bank (up 0.87% at QR80.90) and International Islamic Bank (advancing 1.66% at QR55) helped lifting the market index. According to National Bank of Abu Dhabi (NBAD) research, loans to the private sector in Qatar grew 2.2% month-on-month in August, while personal loans advanced 20.6% year-on-year. Qatar banking sector assets were estimated by NBAD at $167.5bn, up 19.9% year-on-year and -1.6% month-on-month.
Source: AME Info
Aldar, Arkan shares fail to lift Abu Dhabi market
September 20, 2011--The ADX General Index (off 0.28% at 2,556.93) was the only losing GCC Index on Tuesday.
Aldar Properties (up 0.84% at Dhs1.21) and Arkan Building Materials (gaining 5.30% at Dhs1.40) were the most liquid shares, but were outnumbered by losing stocks in the finacial stocks. Trading volumes picked up to 63m shares which were traded, valued at Dhs91.7m.
Source: AME Info
Saudi Stock Exchange: Sabic shares stabilise
September 20, 2011--The Saudi benchmark index Tadawul added 0.42%, finishing at 6,144.27 points. Bellwether Sabic closed half a percent higher at SR93.
Shares of Abdullah A. M. Al-Khodari Sons Co. dipped 0.39% to SR64.25. Earlier in the day the firm announced the completion of the signing of a contract with the Ministry of Interior (Border Guard) for the construction of the second phase of Border Guard Airport in Umm Almelh (South of the Kingdom Empty Quarter), valued at SR120.6m.
Source: AME Info
Tadawul bourse loses the second day straight
September 19, 2011--The Tadawul market index Tasi ended down 0.42% to close at 6,118.34 points, despite a rather balanced advance-decline ratio of 50 to 78.
Sabic declined 0.80% to SR92.50. Insurers performed once again well, with Solidarity Saudi Takaful Company gaining 2.58% to reach SR17.90.
Source: AME Info
Kuwaiti stocks lose across all sectors
September 19, 2011--The KSE Market Index declined 0.44% to close at 5,976.7 points.
The banking and investor index both lost 0.65%. Gulf Bank of Kuwait dived almost two percent, finishing at KD0.510. Kuwait Hotels Company gained the most (up 9.4% at KD0.290).
Source: AME Info
Real estate blue chips weigh on Abu Dhabi market
September 19, 2011--The ADX General Index fell by a quarter percent, closing at 2,564.02 points. Aldar Properties (off 1.65% at Dhs1.19),
Sorouh Real Estate (down 1.72% at Dhs1.13) and Eshraq Properties (eight percent lower at Dhs0.47) weighed on the index in particular. Around 29.2m shares were traded, valued at Dhs44.2m. A record number of 12 shares closed flat, while six stock gained and 15 securities lost.
Source: AME Info
Real estate blue chips weigh on Abu Dhabi market
September 19, 2011--The ADX General Index fell by a quarter percent, closing at 2,564.02 points. Aldar Properties (off 1.65% at Dhs1.19),
Sorouh Real Estate (down 1.72% at Dhs1.13) and Eshraq Properties (eight percent lower at Dhs0.47) weighed on the index in particular. Around 29.2m shares were traded, valued at Dhs44.2m. A record number of 12 shares closed flat, while six stock gained and 15 securities lost.
Source: AME Info
Shuaa Capital gains, announces Bloomberg co-operation
September 19, 2011--The DFM General Index declined 0.61% to close at 1,462.54 points. Emaar dipped 0.71% to Dhs2.79.
Investment bank Shuaa Capital gained 0.95% to reach Dhs0.848. Earlier in the day Shuaa Bloomberg Tradebook, Bloomberg's agency broker, today announced the launch of a common direct market access (DMA) trading platform. "The Bloomberg Tradebook-SHUAA DMA platform gives global traders direct access to UAE markets via a direct-to-exchange connection through the Bloomberg Professional service," Shuaa says in a statement. DFM shares lost 1.75% finishing at Dhs1.12. During the last 12 months DFM shares have lost more than a third of their value as trading volumes have been on the decline since the outbreak of the 'Arab Spring'. On Monday, only 37.9m shares were traded, valued at Dhs45.4m.
Source: AME Info
DP World plummets almost four percent
September 18, 2011--The FTSE NASDAQ Dubai UAE 20 Index closed at 1472.910 today, down -14.690, or -0.99%, from the previous close.
As worries over the global economy continue to dominate financial news headlines, shares of global maritime port operator DP World dived 2.90% to end at $9.61 amid very low trading volumes. Interior designer Depa Limited finished flat $0.49. Less than 440,000 shares changed hands at the NASDAQ Dubai on Sunday.
Source: AME Info
While temperatures dip, Dubai Refresments surge
September 18, 2011, 7:23:51 AM
The Dubai Financial Market (DFM) added a quarter percent to reach 1,471.58 points.
Shares of Dubai Refreshments, the sheikhdom's juices and soft drinks producer and importer, jumped 15%, closing at Dhs11.50. Emaar Properties dipped 0.35% to Dhs2.81. Around 65m shares were traded, valued at Dhs61.5m.
Source: AME Info
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