Middle East ETF News Older than One Year
Petrochemicals weigh on Tadawul market
June 15, 2011--The Saudi Stock Exchange failed to join the general positive trend in the GCC on Wednesday and ended 0.34% lower at 6,546.06 points.
Saudi Basic Industries Corporation (Sabic) continued its up-and-down-trading, closing a quarter percent lower at SR102.74. Shares of Dar Alarkan Real Estate Development Company gained 3.11% to reach SR8.30.
Source: AME Info
Qatar Exchange data now on SIX Telekurs
June 15, 2011--The Doha-based QE Index closed 0.90% higher at 8,386.30 points as banks were the drivers today.
Earlier in the day Swiss financial information provider SIX Telekurs announced that live trading data from Qatar Exchange is available to investors across the globe via its platform. "As the first financial information provider to access Qatar Exchange's newly launched SFTI connectivity, SIX Telekurs' clients in the US, Europe and Asia will benefit from the resilience and enhanced liquidity provided by Qatar's SFTI connection," the statement to the QE says. Qatar National Bank, the country's largest bank by assets, jumped two percent higher at QR139.60.
Source: AME Info
Kuwait bourse adds a quarter percent
June 15, 2011--The KSE Market Index was lifted to 6,346 points despite new politcal uncertainty hitting the northern gulf state.
Prime Minister Shekh Nasser Al-Sabah is confronted with a second no co-operation motion this year on accuations by lawyers and member of parliament the government was actoing in favour of Iran. United Foddstuff Industries Group surged 19% to KD0.305.
Source: AME Info
DP World stabilise amid low trading volumes
June 15, 2011--FTSE NASDAQ Dubai UAE 20 Index closed at 1717.650 today, up 38.78 points, or 2.31%, from the previous close.
Shares of global maritime port operator DP World finished at $12.54 while Depa Ltd. ended unchanged at $0.51.
Source: AME Info
Aldar shares jump three percent as Abu Dhabi investors cheer
July 15, 2011--The ADX General Index added 1.18%, closing at 2,743.64 points.
All sector indices landed in the green except consumer staples. Aldar finished at Dhs1.40 (up 2.99%) but energy heavyweight Dana Gas failed to jump on the bandwagon while ending flat at Dhs0.63. Nineteen shares gained, three lost and seven closed even.
Source: AME Info
Tadawul bourse dips a quarter percent
June 14, 2011--The Saudi Stock Exchange's benchmark index Tasi ended Tuesday at 6,568.51 points (off 0.24%).
Saudi Arabian Cooperative Insurance Company surged 7.85% to SR35.70. Sabic shares remained in a fickle mode, closing in line with the market down a quarter percent. Thirty-eight shares gained, 93 lost and 14 ended even.
Source: AME Info
Zad Holding soars on shareholders' acquisition approval
June 14, 2011--The Doha-based Qatar Exchange (QE) added 0.31% as industrial shares gained in particular. The QE Index closed at 8,311.20 points on Tuesday.
Shares of Zad Holding ended up 1.48% at QR55. Earlier in the day, Zad announced that the Extraordinary General Assembly Meeting that ok place on June 13 approved the proposal of Board of directors for acquiring Meeda Projects Company by increasing the share capital through issuing 8,464,132 shares of Zad to the shareholders of Meeda projects for its value (every 7.7387 shares of Meeda entitle 1 share of Zad) after the approval of Ministry of business and trade. The share capital of Zad holding after this issue will be QR215.45m.
Source: AME Info
National Bank of Kuwait climb back to KD1.200
May 14, 2011--The Kuwait Stock Exchange (KSE) added 0.20%, closing at 6,330.40 points.
The country's largest lender by assets National Bank of Kuwait, known as NBK, gained 1.69% and closed at KD1.200. NBK-shareholders have to remain patient as the stock has been trading in a range between KD1.260 and 1.140 for the last three months.
Source: AME Info
NASDAQ Dubai closes with losses
June 14, 2011--FTSE NASDAQ Dubai UAE 20 Index closed at 1678.87, down 0.28% from the previous close.
DP World shares dived 2.36% to $12.40. DP World shares were dual listed at the London Stock Exchange (LSE) on June 1st. Depa Ltd., the Dubai-based interior designer plummeted 5.56% to $0.51.
Source: AME Info
Waha Capital secures $505m revolving credit facility
June 14, 2011--The ADX General Market closed insignificantly higher at 2,711.54 points. Shares of leasing specialist company
Waha Capital closed even at Dhs0.69. Earlier in the day Waha said in a statement to the ADX that it agreed on a $505m term and revolving credit facility with eleven local, regional and international banks. The facility is for a term of 3 years and was arranged by the company itself. Waha Capital's main institutional shareholders are Mubadala Development Company and Abu Dhabi Investment Company. Market bellwether Aldar Properties added 0.75% to reach Dhs1.32. Nine shares gained, 12 lost and 13 ended even. Trading turnover remained low as 47.16m stocks valued Dhs77.3m changed hands.
Source: AME Info
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