Middle East ETF News Older than One Year
Qatar Exchange adds two percent
March 9, 2011--After recapturing the level above 8,000 points on Tuesday, the QE Index continued to advance on Wednesday, closing two percent higher at 8,171.59.
Shares of Industries Qatar jumped 3.14% to reach QR131.20. Earlier in the day, Qatar Steel Company, a subsidiary of Industries Qatar, and Siemens VAI, signed a contract for the construction of a Steel Making Plant, capable of producing 1.1 million tons per year. "The plant will be designed according to Siemens VAI's best technology in the field of steel plant machinery, equipment and automation", the statement to the QE says.
Source: AME Info
Kuwaiti banks lift stock market out of the trough
March 8, 2011--The KSE market index closed 1.32% higher to reach 6,218.9. Financials were the driving force of the surge
National bank of Kuwait, known as NBK, gained 3.5% to reach KD1.180. Noor Financial Investment topped the charts by closing nine percent higher at KD0.030.
Source: AME Info
Tadawul market breaks through 6,000 barrier
March 8, 2011--Saudi Arabia's Tadawul market regained territory on Tuesday,
closing up 2.07% to reach 6,073.79. Sabic crossed the SR100, closing 3.62% higher. Atheeb Telecom posted the largest loss, closing 5.04% lower at SR5.65.
Source: AME Info
NASDAQ Dubai: DP World surge 7.29%
March 8, 2011--The FTSE NASDAQ Dubai UAE 20 Index closed at 1491.960 today, up 4.64%, from the previous close. Maritime port operator DP World jumped 7.29% to close at 57.4 US-Cent.
Jewellery trader Damas International Ltd. plunged 11.11% to close at 0.08 US-Cent. DEPA Ltd., the Dubai-based interior designer, ended flat at 64 US-Cent.
Source: AME Info
Qatar market gains 4.30% as financials surge
March 8, 2011--The QE Index in Doha closed over four percent higher at 8,011.77
Qatar National Bank jumped 5.73% to reach QR136.50 while Al-Khalij Commercial Bank dipped 0.33%, finishing at QR18.14. "Emerging markets offer higher chances than the developed countries these days, as they benefit from rising commodity prices", US economist Nouriel Roubini said a today's Hedge Funds World in Dubai.
Source: AME Info
Bahrain Bourse weakens 0.28%
March 8, 2011--The Manama-based Bahrain stock market closed 0.28% lower at 1,393.15.
Bahrain Telecom, known as Batelco, posted the largest decline, closing down 4.55% at BD0.42. Gains at banks failed to uplift the market, as Islamic bank Al Salam Bank surged 7.84% to reach BD0.055.
Source: AME Info
Real estate share push Abu Dhabi market higher
March 8, 2011--The ADX General Index added 0.96%, finishing at 2,573.05 on higher trading volumes.
Real estate heavyweights Aldar (up 3.15% at Dhs1.31) and Sorouh (2.91% up at Dhs1.07) were the driving forces behind the surge as energy bellwether Taqa declined 0.71% to close at Dhs1.41. Its rival Dana Gas from the emirate of Sharjah added 1.72% to reach Dhs0.60.
Source: AME Info
Bahrain Bourse weakens 0.28%
March 8, 2011--The Manama-based Bahrain stock market closed 0.28% lower at 1,393.15.
Bahrain Telecom, known as Batelco, posted the largest decline, closing down 4.55% at BD0.42. Gains at banks failed to uplift the market, as Islamic bank Al Salam Bank surged 7.84% to reach BD0.055.
Source: AME Info
ADS Securities leverages Abu Dhabi’s strategic location and rising economic prominence to contribute to the global market place
March 7, 2011--Private investors launch $400 million brokerage and trade services provider
New venture is building a large network of leading global liquidity providers
ADS Securities, a full-fledged brokerage and trade services firm that brings significant new opportunities to participants in the global and regional forex, precious metals, commodities, futures and options markets, was launched today in Abu Dhabi. Backed by a capital commitment of $400 million from a group of private investors.
Source: Dubib.com
Tadawul market soars 3.27%
March 7, 2011--The TASI benchmark in Riyadh edged 3.27% higher to reach 5,950.74.
Saudi Fransi Bank was the top gainer (up 9.98% at SR44.10) while bellwether Saudi Basic Industries Corp., known as Sabic, recovered 2.65% to close at SR96.75. Atheeb Telecom plummeted 9.85%, finishing at SR5.95. Eighty-seven securities gained, 49 declined and nine closed even.
Source: AME Info
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