Middle East ETF News Older than One Year
GCC exchange traded fund under discussion with S & P Dow Jones Indices
December 8, 2014--"We are discussing in terms of how to create it, what to create on and how it will add value to investors," S & P Dow Jones Indices MENA head said.
Fund managers and banks are in talks with S & P Dow Jones Indices, a global index provider, to launch an exchange traded fund, which will invest in companies in the GCC, Charbel S. Azzi, Head of Middle East, Africa & CIS, at S & P Dow Jones Indices told Gulf News.
Source: gulfnews.com
Tadawul market makes detour ahead of 9,000 resistance level
December 8, 2014--The Saudi Arabian stock market index TASI lost 1.74 per cent finishing at 8,785.73 points on Monday, December 8.
SABIC plummeted three per cent to SAR90.
Source: AME Info
DP World shares bank on oil price decline
December 8, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 2.40 per cent lower at at 3983.310 today, down -97.810, or -2.40%, from the previous close.
Dubai Ports (DP) World surged 2.20 per cent to hit $21.30. DP World is the third biggest container port operator in relation to assets.
Source: AME Info
Qatar market decline halted
December 8, 2014--Session examined banking relationships
Against the sluggish regional and global trend at stock exchanges, the Qatari bourse QE closed flat at 12,644.87 points on Monday, December 8.
The Commercial Bank of Qatar (CBQ) fell by 1.57 per cent to QAR68.90.
Source: AME Info
Abu Dhabi bourse does one step ahead, and two steps back
December 8, 2014--After the gage rebounded slightly yesterday, the ADX General Index closed 0.72 per cent lower at 4,680.63 points on Monday, December 8.
Abu Dhabi National Energy Company or Taqa jumped 5.70 per cent to hit AED0.93. Dana Gas remained below AED0.60 (off 1.70 per cent).
Source: AME Info
Oil weighs Dubai market down, lifts Air Arabia to seven-month high
December 8, 2014--As oil prices (DME Oman crude) lost another 1.66 per cent to $6 per barrel, the Dubai financial market index DFMGI plummeted 3.34 per cent to 4,030.70 points on Monday, December 8.
Air Arabia was the sole gaining share (up 1.96 per cent at AED1.56 as carriers benefit from lower jet fuel costs.
Source: AME Info
Saudi market index flirts with 9,000 points
December 4, 2014--The Tadawul All-Share Index gained 1.77 per cent to hit 8,957.63 points on Thursday, December 4.
Saudi shares received a boost amid good input from bullish Chinese stock markets as well as from some price stabilisation at oil markets.
Source: AME Info
Doha-listed stocks recover across the board
December 4, 2014--The Qatar Exchange 20 Index regained 1.10 per cent to reach 12,748.18 points on Thursday, December 4.
All sector indices with the exception of insurances landed in the green.
Source: AME Info
Taqa jumps ten per cent, Waha Capital extends hedging on AerCap
December 4, 2014--The ADX General Index rebounded 1.33 per cent on Thursday, December 4, to close at 4,728.08 points.
Earlier in the day, HSCB said the monthly purchasing the HSBC UAE Purchasing Managers' IndexTMK (PMI)-a composite indicator designed to give a single-figure snapshot of operating conditions in the non-oil private sector economy
Source: AME Info
Emaar shares spoil Dubai market rebound
December 4, 2014--At the Dubai stock exchange DFM, twenty advancing shares outnumbered eight decliners on Thursday, December 4, after the bourse resumed trade following the two-day closure on the occasion of UAE national holidays.
However, the Dubai Financial Market (DFM) only rose by 0.13 per cent to close at 4,186.11 points as market bellwether Emaar Properties dived...
Source: AME Info
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