Middle East ETF News Older than One Year
Abu Dhabi may edge lower on profit booking
July 4, 2016--Abu Dhabi's banking shares may trade lower on Monday as investors book profits on strong gains following details of a merger between two mega banks, while Egypt's bourse may be supported by increased chances of further currency devaluation.
Source: AMEInfo
DGCX scales new Volume records amidst global market volatility
July 4, 2016--This marks the highest half-yearly trading volume recorded for the Exchange, growing 49.64 per cent over the same period last year.
Trading volumes on the Dubai Gold & Commodities Exchange (DGCX) recorded an all-time high, exceeding 9.5 million contracts in the first half of this year as uncertainty over Brexit vote and its after effects on the global markets continue to unfold.
Source: gulfnews.com
Saudi Q1 GDP growth slows to 1.5 per cent
July 3, 2016--Saudi Arabia's gross domestic product, adjusted for inflation, grew 1.5 percent from a year earlier in the first quarter of this year, slowing from a revised growth rate of 1.8 percent in the fourth quarter of 2015, the government said on Sunday.
Source: AMEInfo
Gulf set to consolidate; L'Azurde to list in Saudi
June 29, 2016--Stock markets in the Gulf look set to move sideways on Wednesday, with sentiment supported by a modestly positive global environment but many investors unwilling to take big positions before looming Eid al-Fitr holidays.
MSCI's broadest index of AsiapPacific shares outside Japan is up more than 1 percent and Brent crude oil is 0.4
Source: AMEInfo.com
DFM welcomes the listing of Afkar Capital's Exchange-Traded Fund (ETF)
June 29, 2016--Dubai Financial Market (DFM) today welcomed the listing of Afkar Capital's Exchange Traded Fund (ETF), (Afkar S&P UAE UCITS ETF) under the trading symbol "UAETF".
The fund has been designed to replicate the S&P UAE BMI Liquid 20/35 Capped Index, which includes the largest stocks by capitalization in the United Arab Emirates.
Source: Zawya
Gulf mixed in quiet trade as global markets stabilise
June 28, 2016--Stock markets in the Gulf were mixed in quiet trade early on Tuesday as global markets stabilised following the shock of Britain's vote to leave the European Union.
With oil prices rebounding, investors feel Brexit may have little impact on Gulf economies, although weakness in the pound and euro could affect Dubai's real estate
Source: AMEInfo.com
Afkar Capital launches first ETF under new UAE regulations
The fund will be listed on the DFM on Wednesday
June 27, 2016-Afkar Capital Limited, the Abu Dhabi-based asset management firm has launched the Afkar S&P UAE UCITS ETF, the first liquid, fully tradeable and transparent exchange-traded fund listed under the UAE's new regulations.
The exchange traded fund (ETF) will list on the Dubai Financial Market (DFM) on Wednesday June 29, under the symbol 'UAETF' and has been designed to replicate the S&P UAE BMI Liquid 20/35 Capped Index.
Source: gulfnews.com
Gulf stocks fall sharply in early trade, blue chips outperform
June 26, 2016--Gulf stock markets fell sharply in early trade on Sunday in response to the global market turmoil caused by Britain's decision to leave the European Union.
Dubai's index was down 4.6 per cent after 10 minutes to 3,211 points, near technical support on the May low of 3,197 points.
Source: AMEInfo
Saudi Arabia gears up for debut bond issue
June 26, 2016--Kingdom appoints banks to arrange up to $15bn of debt after fall in oil price.
Saudi Arabia has mandated three international banks to arrange its debut international bond as the kingdom presses ahead with fundraising.
Source: FT.com
Britain leaves EU: How is GCC affected?
June 24, 2016--The United Kingdom has decided to leave the European Union (EU), after a nation-wide referendum held on Thursday voted in favour of an exit, which has come to be known as "Brexit".
Nearly 52 per cent of voters chose to leave, guaranteeing a win for Brexit.
Source: AMEInfo
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