Middle East ETF News Older than One Year
ETFGI reports that assets invested in ETFs/ETPs listed in Middle East and Africa decreased by US$343 Mn in April 2018
June 5, 2018--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs and ETPs listed in Middle East and Africa decreased by 1.03% during April 2018 to reach US$37.92 Bn at the end of the month. (All dollar values in USD unless otherwise noted.)
Highlights
Assets invested in ETFs/ETPs listed in Middle East and Africa saw net outflows of $365 Mn during April 2018, to reach $37.92 Bn
Year-to-date, ETFs and ETPs listed in Middle East and Africa saw net outflows of $1.72 Bn
Source: ETFGI
MIDEAST STOCKS-Qatar gains on fund flows, Egypt falls ahead of energy subsidy cuts
June 5, 2018--Qatar and Saudi markets led Gulf stocks higher on Tuesday amid optimism index compiler MSCI will upgrade Riyadh to emerging market status and continued fund flows into Qatari blue-chips after MSCI recently raised their weightings.
Qatari stocks climbed 2 percent, with market heavyweight Industries Qatar rising 2 percent, Qatar Insurance surging 6.2 percent, and Qatar Gas Transport gaining 5.7 percent.
Source: Zawya.com
MIDEAST STOCKS-Dubai leads Gulf gains as DAMAC climbs; Saudi keeps rising
June 4, 2018---Dubai's stock market rose in early trade on Monday as shares in DAMAC Properties reached a four-week high, and most other Gulf markets gained as Saudi Arabia continued a rally triggered by the appointment of a new labour minister.
Source: Zawya.com
Boursa Kuwait adopts FTSE Russell's Industry Classification Benchmark
June 4, 2018--All equity stocks listed on Boursa Kuwait will be classified under the ICB classification standard from 03 June 2018
Integrating ICB will allow Boursa Kuwait to access a single, globally recognised industry classification structure
Reflects Kuwait's ongoing commitment to facilitate international investment
FTSE Russell, the global index, data and analytics provider, announces today that its Industry Classification Benchmark (ICB(R)) has been licensed by Boursa Kuwait for all equity stocks listed on its markets. Boursa Kuwait will adopt the ICB standard from 03 June 2018.
Source: FTSE Russell
MIDEAST STOCKS-Dubai, Qatar lead gains in most Gulf markets
June 4, 2018-- Gulf markets mostly ended higher on Monday, led by Dubai and Qatar and fueled by by heavyweight stocks, while Saudi market stayed firm for the second straight day following appointment of new market-friendly labour minister.
Source: Zawya.com
UAE bourses forecast to rise in June: analysts
June 3, 2018--The UAE's two stock markets are expected to perform positively in June on the back of new government decisions including the transfer of settlements for both the Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX) to the Central Bank of the UAE (CBUAE).
Source: Zawya.com
DGCX Reports Record Monthly Volumes as Shari'ah Spot Gold Continues to Shine
June 3, 2018--The Dubai Gold and Commodities Exchange (DGCX) witnessed its best month ever, recording volume of 2,163,598 lots valued at over USD 46.11 billion. Throughout May an average of 94,069 contracts traded per day showing year-on-year (YOY) growth of 51%.
The world's only exchange-traded Shari'ah Compliant Spot Gold contract (DGSG) also continued to shine, with over 488 kilograms of gold worth USD 20.72 million executed since its listing on DGCX on March 29th.
A. Introduction
2. The NFC is highly concentrated, with the services sector representing more than
81 percent of total NFC assets. The largest three firms in terms of assets in 2016 were in the
services sector.
Source: IMF
Tighten corporate governance, Saudi firms urged as MSCI looms
Source: Zawya.com
Reform to change the Israeli index investing market
After a decade of planning one of the largest reforms ever made the short-term savings sector in Israel, the market will say goodbye to its most popular index product-Exchange Traded Notes (ETN)-and will welcome its successor-Exchange Traded Funds (ETFs).
This regulatory change affects nearly NIS 120 billion of domestic public funds and industry participants. At the end of the process, the mutual funds industry in Israel will also experience a tremendous change and become a splitter with two heads: active funds alongside passive funds.
Source: globes.co.il
1. Qatar's non-financial corporate sector (NFC) is sizable in terms of the overall share of
economic activity. The total turnover of these companies was US$ 28 billion in 2016 (about
18 percent of total GDP and one-quarter of non-hydrocarbon GDP).2 Assets of listed and non-listed
NFCs in Qatar were estimated at about 115 percent of non-hydrocarbon GDP in 2016.
May 30, 2018--Saudi companies should boost efforts to align their corporate governance and investor relations functions with international standards ahead of a possible upgrade by emerging markets index provider MSCI.
May 28, 2018--Index Research founder Yaniv Kunis explains the effects of the upcoming reform in Israel's ETNs.
October 3, 2018 will be a historical day for the Israeli capital market.
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