Middle East ETF News Older than One Year
Oil rebound halts week-long losing streak at Abu Dhabi bourse
March 19, 2015--Following the Fed's more dovish statements on an expected interest rate hike in the US from Wednesday, oil prices (DME Oman crude) edged up by $1.53 to reach $52.90 per barrel.
This led the Abu Dhabi stock market index ADXGI to regain 1.34 per cent to reach 4,337.6 amid low turnover, ending a losing streak that lasted over the last six trading sessions.
Source: AME Info
Emaar soars on Alabbar departure denial
March 19, 2015--The Dubai stock market index DFMGI gained 1.91 per cent to hit 3,473.42 on Thursday, March 19.
The gauge posted its first significant rebound in three weeks after the United States Federal Reserve chairperson Janet Yellen signalled on Wednesday that interest rates in the world's biggest economy would not be hiked from the current near-zero level in a rush.
Source: AME Info
Saudi market falls the fourth session straight
March 18, 2015--The Tadawul All Share Index closed 1.82 per cent lower to hit a five-week low at 9,133.87 points on Wednesday, March 18.
The price of oil (WTI crude) fell to a near 2015-low at around 44 dollar per barrel.
Source: AME Info
DP World dives ahead of annual results
March 18, 2015--The FTSE NASDAQ Dubai UAE 20 Index closed 2.60 per cent lower at 3,340.92 on Wednesday, March 18.
Market heavyweight DP World lost 2.56 per cent to $19 per share.
Source: AME Info
Qatari shares plummet across the board
March 18, 2015--The Qatar Exchange 20 index in Doha dived for the sixth session straight, ending off 2.23 per cent to hit 11,426.62 on Wednesday, March 18.
Qatar National Bank lost 2.94 per cent to reach QAR188.30. Cinema was the sole gaining share, finishing 9.62 per cent higher at QAR49.
Source: AME Info
Oil double dip forces Abu Dhabi shares down
March 18, 2015--The stock market index in the UAE capital Abu Dhabi, the ADXGI, lost for the sixth consecutive session on Wednesday, March 18, ending off 1.17 per cent at 4,280.07 points.
Oil (WTI crude), after a brief recovery in the last four weeks, fell back to the end-January's level and dived 2.3 per cent to 44.14 dollar per barrel.
Source: AME Info
Dubai market plummets per cent in pre-Fed session
March 18, 2015--The Dubai stock market index DFMGI closed 3.57 per cent lower on Wednesday, March 18, at 3,408.18 points, representing a three-month low.
The two-day US Federal Reserve meeting, which starts today, will give a hint on how fast (June?) an expected interest rate hike in the world's biggest economy might occur, analysts said, and the uncertainty weighed on market indices in the East and the West.
Source: AME Info
Qatar exchange loses the fifth session straight
March 17, 2015--The Qatar Exchange 20 index in Doha dived by another 0.63 per cent to hit 11,687.17 points on Tuesday, March 17.
Qatar National Bank (QNB) finished off 1.30 per cent at QAR194. Earlier in the day, the biggest lender in the gas-rich Gulf state said that it has successfully closed syndication of its $3 billion senior unsecured term loan facility with a three-year maturity
Source: AME Info
Financials weigh on Abu Dhabi market index
March 17, 2015--The equity market index ADXGI in Abu Dhabi lost for the fifth consecutive session on Tuesday, March 17.
The gauge declined by 0.80 per cent at 4,330.63 points.
Aldar Properties as the most liquid share edged up by 1.36 per cent at AED2.24.
Source: AME Info
SHUAA Capital soars on new market maker deal
March 17, 2015--After the Dubai stock market index DFMGI slipped beneath the lower Bollinger band yesterday, the gauge halted a sharp two-day losing streak on Tuesday, March 17,, closing 0.42 per cent higher at 3,534.29 points.
Twenty shares advanced, while 11 declined in value.
SHUAA Capital gained 2.31 per cent to reach AED0.665.
Source: AME Info
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