Middle East ETF News Older than One Year
Iran's First Exchange-Traded Fund Set To Launch
January 31, 2015--Iran-one of the world's last untapped markets-is set to see its first exchange-traded fund (ETF) launch, ahead of the possible lifting of international sanctions that were imposed on the nation, Reuters reported earlier this week.
Turquoise Partners, a Tehran-based investment firm, said that it is planning to launch Iran's first ETF tracking the Tehran Stock Exchange’s TSE 30 index of 30 of Iran's largest blue chip companies.
Source: Emerging Equity
S&P Dow Jones Indices-Middle East Index Dashboard
January 30, 2015--As energy prices continued to fall, there were signs of recovery in Middle Eastern equities this month. The S&P Pan Arab Composite LargeMidCap Index gained by 2.2%, aided in particular by Saudi Arabia and Egypt.
Yields on sovereign bonds across the developed world decreased in January. Following the U.S. Treasury market, each of our regional fixed income indices gained on the month.
Shariah indices continued to outperform their equivalents not just in the Middle East, but also across the globe. In Japan, the difference was a notable outperformance by the S&P/TOPIX 150 Shariah by roughly 12% in total return over 12 months.
Commodities continued to disappoint, with Energy (-14%) continuing to prove the laggard. The drop in oil prices slowed down into the end of the month, but the Industrial Metals (-7%), Agriculture (-7%), and Livestock (-8%) sectors also disappointed in January. The bright spot was Precious Metals, where further stimulus in Europe helped the sector to a 6% gain.
Source: S&P Dow Jones Indices
Kuwait Stock Exchange starts 2015 positively
January 29, 2015--The KSE market index closed 0.97 per cent lower at 6,572.26 points on Thursday, January 29.
The gauge advanced by 0.55 in the first four weeks of trading in 2015 albeit oil prices (US crude) lost 59 per cent in the last six months amid an excess supply on global markets.
Source: AME Info
Vodafone Qatar plummets as quarterly profit remains in the red
January 29, 2015--Qatar's construction industry value is forecast at approximately USD 32.3bn, representing a real value annual growth of 54%.
The QE 20 Index in Doha declined by 0.68 per cent to 11,899.63 points on January 29.
Source: AME Info
UAE stock markets fall as January blues weighs in
January 29, 2015--The Dubai financial market (DFM) general index closed 1.66 per cent lower at 3,774.40 points on Thursday, January 29, marking the last trading day of the month.
Its sister index ADXGI closed down by 0.83 per cent to 4,478.49 points.
Source: AME Info
Four Exchange-traded funds will be launched on the Qatari bourse
January 29, 2015--Four Exchange-traded funds (ETFs) will be launched on the Qatari bourse from next month.
Four entities have been initially licensed by bourse regulators to launch the ETFs. These include QNB, Al Rayan Bank, Amwal, Al Arab reported yesterday quoting the CEO, Rashid Al Mansoori.
Source: The Pennisula
NASDAQ Dubai heavyweights post losses
January 28, 2015--The FTSE NASDAQ Dubai UAE 20 Index ended 0.36 per cent higher at 3,701.76 on Wednesday, January 28.
For the first time in two-and-a-half months, Dubai Ports (DP) World fell below $20, closing 1.30 per cent at $19.80.
Source: AME Info
Abu Dhabi developers continue to underperform
January 28, 2015--The ADX general index declined by 0.31 per cent to 4,516.121 points on Wednesday, January 28.
Aldar Properties lost 0.41 per cent to reach AED2.45.
Source: AME Info
Oil rebound fuels Dubai market
January 28, 2015--The Dubai financial market (DFM) general index closed 0.43 per cent higher at 3,736.30 points on
Wednesday, January 28.
Source: AME Info
Qatar Insurance soars as FY net income hits QAR1bn
January 28, 2015--The shares of Qatar Insurance posted the second-highest day gain on Wednesday in Doha, closing 4.28 per cent higher at QAR87.70.
Earlier on Tuesday, the firm said its net profit in 2014 amounted to QAR1bn ($270m), up from QAR753m ($206.80m) in 2013.
Source: AME Info
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