Middle East ETF News Older than One Year
Dana Gas shares soar on takeover rumors
July 28, 2011--The Abu Dhabi bourse ADX fell by half a percent and closed at 2,627.99 points on Thursday. Dana Gas, based in the Emirate of Sharjah, gained the most (up five percent at Dhs0.61)
amid media rumors that "Vallares, the investment vehicle backed by Nat Rothschild and ex-BP boss Tony Hayward, is exploring a bid for Dana Gas," The National reports. Gulf Pharmaceutical Industries, known as Julphar (the old name of the Emirate of Ras al-Khaima) ended flat at Dhs2.11. Earlier in the day, Julphar reported a profit for the second quarter of Dhs102.4m, a 17.9% year-on-year increase.
Source: AME Info
Dubai market defends 1,500 points-level
July 28, 2011--The DFM General Index ended 0.09% lower at 1,506.13 points. While bank Emirates NBD exted to rally (up 2.14% at Dhs4.29),
shares of Emaar Properties declined further, closing 1.40% lower at Dhs2.82). Emaar were also the most liquid stocks. Around 64.47m shares were traded, valued at Dhs77.47m.
Source: AME Info
Kuwait inflation reaches 15.4%
July 28, 2011--According to data from Kuwait's Central Statistics office, the country's annual inflation has slowed to a ten-month low of 5% in
June helped by a fall in food prices, Reuters has reported. Inflation in the world's fourth-largest oil exporter has been hovering above 5% since the beginning of this year, well below double-digit levels seen in 2008.
Source: AME Info
Saudi investors book profits ahead of Ramadan
July 27, 2011-The Tadawul All Share Index, known as Tasi, declined half a percent lower to close at 6,445.17 points.
Sabic declined for the third day straight, finishing 1.25% lower at SR104.25. Insurance firms supported the index somewhat such as AXA Cooperative (up 4.55% at SR57.50) and Sagr Insurance (1.45% higher at SR20.95).
Source: AME Info
DP World gains slightly on possible U. S. listing plans
July 27, 2011--The FTSE NASDAQ Dubai UAE 20 index declined 0.42% to 1,614.39 points as around 2.14m shares changed hands.
Dubai Gold Securities (up 0.55% at $160.83) gained the most, while DP surged 0.33% to $12.24 amid low trading volumes. DP World CEO Mohammad Sharaf announced yesterday that the global port operator might eye a listing at U. S. equity markets, Gulf News reported. DP World dual-listed its shares at London's LSE on June 1st, which had no positive share price impact as yet. Interior designer Depa Ltd. and jewelry trader Damas ended both flat at $0.51 and $0.11, respectively.
Source: AME Info
Easy come, easy go at Kuwait market
July 27, 2011--After an encouraging start of the week, the KSE Market Index dipped 0.40% to
6,065 points. Shares of real estate firm Dar Al Thuraya gained the most (up 7.4% at KD0.058). Housing Finance Co. posted the largest declined (down 14.28% at KD0.030).
Source: AME Info
Qatar Exchange declines by 0.31% as banks retreat
July 27, 2011, 7:52:33 AM
The Doha-based QE Index ended 0.31% lower at 8,374.78 points as wae performing financial shares weighed on the benchmark index.
The gulf state's largest lender Qatar National Bank ended 0.42% lower at QR140.80. Al Ahli Bank plummeted fove percet, ending at QR70.30.
Source: AME Info
Abu Dhabi investors dump Etisalat stocks
July 27, 2011--The ADX General Index lost 1.2% in Wednesday, closing at 2,641.41 points. Shares of the UAE's first telecom provider and ADX heavyweight Etisalat plummeted 3.29% to a two-month low Dhs10.30.
Wednesday, Its rival du in Dubai increasingly attracts new customers with special offers, mainly in the segment for internet subscriptions. Abu Dhabi National Energy Co., known as Taqa added 0.79%, finishing at Dhs1.28. As The Holy month of Ramadan approaches, trading volumes are close to a meltdown. Only 36.31m shares were traded, valued at Dhs72.13m.
Source: AME Info
Saudi insurers help stabilising Tadawul market
July 26, 2011--Despite a decline in market bellwether Sabic (off 1.40% at SR105.50), the Saudi Stock Exchange's benchmark index Tasi added 0.07% to close at 6,476.59 points.
Axa Cooperative Insurance gained the most (up 10% at SR55.00), while Amana Insurance added 4.74%, finishing at SR39.80.
Source: AME Info
Lacklustre Qatar bourse closes unchanged
July 26, 2011--The QE Index ended flat at 8,400.89 points on Tuesday.
Shares closed mixed across all sectors due to a lack of catalysts. Al Khaliji Commcercial Bank added half a percent to reach QR17.40. The country's largest lender Qatar National Bank dipped 0.14%, finishing at QR141.40.
Source: AME Info
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