Middle East ETF News Older than One Year
Dubai market finishes the week positively
August 19, 2010--The DFM General Index ended 0.72% higher at 1,492.16 points, lifted by rebounds in the real estate sector. The industry's bellwether Emaar Properties gained 1.88%, closing at Dhs3.25.
Banks performed bullish as well, as Shuaa Capital surged 2.70% (at Dhs0.95). Dubai Ports (DP) World jumped 5.66% to $0.523. 18 shares advanced while five securities declined and five ended flat. Traded value doubled to Dhs111.4m, while 68.59m (73% higher).
Source: AME Info
Abu Dhabi bourse adds 0.42%
August 19, 2010--The ADX General Index closed at 2,506.29 points, recovering from heavy losses at the beginning of the week as the benchmark closed 10 points higher compared to the finish of last week.
National Bank of Abu Dhabi (NBAD), the emirate's largest lender, added 1.79% and finished at Dhs11.45. Its rival First Gulf Bank closed 0.36% lower at Dhs13.95.
Source: AME Info
Bahrain bourse ends slightly lower
August 19, 2010--The BSE benchmark index weakened on Thursday, as profit taking dragged the market 0.31% lower to 1,409.12 points.
Islamic bank Ithmaar lost 6.9% (at $0.135), after its shares hit a seven-week high on Tuesday. Arab Insurance Group plummeted 9.80% to $0.46.
Source: AME Info
Qatar Exchange closes slightly higher at 7, 077 points
August 18, 2010--The QE Index added 0.21% due to advances in the banks and services industry sectors. Al Khaliji Commercial Bank (up 1.96% at QR15.40)outperformed all other financial shares. Gulf Warehousing Co. (gaining 1.74%, closing at QR17.80)
was the most liquid stock in relation to trading volumes. Some 3.4m stock changed hands in Doha.
Source: AME Info
Abu Dhabi bourse gains insignificantly
August 18, 2010--With only a few significant movements being seen, the Abu Dhabi market ADX ended 0.05% higher at 2,495.70 points. The exchange's heavyweights ended on a mixed note, such as Aldar Properties (up 0.47% at Dhs21.3) or Dana Gas (down 1.28% at Dhs0.76).
Eleven shares gained in value, 11 ended flat and seven stocks declined.
Source: AME Info
DFM and ADX close firmer
August 18, 2010--Dubai Financial Market (DFM) continued its momentum on Tuesday with all sectoral indices ending in positive terrain, pushing the benchmark index to 1487.28, up 13.57 points or 0.92
at the end of trading session.All sectors posted gains with the real estate, finance and telecom leading the way.
Source: Zawya
Yemen oil revenues on the rise
August 17, 2010--According to the central bank of Yemen, oil revenues for the year have climbed to $1.132bn from $483.24m for the same period of 2009, Yemen Observer has reported.
The government share of January-May exports amounted to 14.46 million barrels at an average sales price of $78.28 per barrel. This compared with 10.16 million barrels at an average price of $47.56 per barrel for the first five months of 2009. The country's oil sector accounts for 92% of exports and 30% of GDP.
Source: AME Info
Kuwait stock exchange halts trading in 24 companies
August 17, 2010--The Kuwait Stock Exchange has halted trading in the shares of 24 companies for failing to publish their second-quarter earnings on time, Reuters has reported.
The 24 halted firms, most of which are investment companies, include Aref Investment Group, Kuwait Investment Co and Industrial Investments Co among others.
Source: AME Info
Qatar Exchange adds 0.29%
August 17, 2010--The QE Index extended its recovery from Monday, closing 0.29% higher at 7,062.83 points. Trading volumes shrank to some three million shares.Doha Insurance Group surged 2.15% to QR28.50.
The firm reported on Monday a net profit of QR41.1m in the first half of 2010, compared to a net profit of QR25.6m in the corresponding period in 2009.
Source: AME Info
Tadawul bourse ends flat at 6,161 points
August 17, 2010--Market bellwether and petrochemical giatn Sabic (up 1.46% at SR87.00) failed to lift the entire Tadawul benchmark TASI (unchanged at 6,161.76 points, as weak banks and insurers weighed on the market in Riyadh.
Saqr Insurance ended as the top losing stock, closing 3.04% lower at SR35.10. Alinma Banks was the second most liquid share (after Sabic). Alinma lost 0.46%, finishing near a 52-week low at SR10.85.
Source: AME Info
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