Middle East ETF News Older than One Year
Bahrain's first Islamic bank books small nine-month profit increase
November 11, 2014--The Manama market index BASI declined by 0.25 per cent to 1,430.05 points on Tuesday, November 11.
Al Baraka Banking Group closed unchanged. The oldest Islamic Bank in the kingdom of Bahrain said earlier in the day that its nine-month profit edged up by five per cent year on year, amounting to $207m. Al Baraka...
Source: AME Info
Abu Dhabi National Hotels banks on the emirate's tourism boom
November 11, 2014--In Abu Dhabi, the Abu Dhabi securities exchange general index ADXGI added 0.50 per cent to close at 4,944.28 points on Tuesday, November 11.
Abu Dhabi National Hotels or ADNH closed unchanged at AED3.16. Earlier in the day, ADNH said it generated, in the nine-month period from January to September, a net income of AED164.95m
Source: AME Info
Ooredoo gains as sukuk holders expect profit distribution
November 10, 2014--The Qatar Exchange 20 Index finished 0.70 per cent to close at 13,788.40 points on Monday, November 10.
Ooredoo ended up 1.70 per cent at QAR122. Earlier in the day, the country's biggest telecom operator said that at Ooredoo Tamweel Limited (OTL), its wholly owned subsidiary, pursuant to the Terms and Conditions of the Notes
Source: AME Info
Dubai shares gain across the board
November 10, 2014--Market bellwether Emaar Properties jumped 3.50 per cent to close at AED10.40.
Source: AME Info
Qatar, UAE Stocks Rise After MSCI Index Review
November 9, 2014--Shares in Dubai's Emaar Properties and Dubai Islamic Bank, whose weightings also increased, rose 2.5 and 1.6 per cent respectively.
Stock markets in the United Arab Emirates and Qatar rose in early trade on Sunday after index compiler MSCI increased several local stocks' weightings in its emerging markets index during a semi-annual review.
Source: Gulf News
UAE markets to move sideways next week
November 8, 2014--The UAE markets are likely to move sideways next week after losing 6 per cent last week, with investors eyeing crude oil prices, which are near their break even point.
On Thursday, the Dubai Financial Market (DFM) General Index ended 0.12 per cent higher at 4,406.15, while the ADX general index ended 0.84 per cent lower at 4,790.28.
Source: gulfnews.com
SABIC recovers ground, Mobily remains under selling pressure
November 6, 2014--In Riyadh, the Saudi Stock Exchange saw its market index TASI closing 0.21 per cent higher to reach 9,649.28 points on Thursday, November 6.
Market bellwether SABIC surged 2.31 per cent to hit SAR105. Markets in the United States gained on Wednesday as investors re-assessed the victory of the Republican party in mid-term elections for...
Source: AME Info
Qatar Exchange closes friendly
November 6, 2014--The QE 20 Index in Doha gained 0.46 per cent, finishing at 13,590.49 points on Thursday, November 6.
Qatar National Bank extended its gaining streak, edging up 0.93 per cent at QAR218.10. Cinema dived 7.40 per cent at QAR42. Islamic Holding jumped three per cent to hit QAR34. Amid a lack of catalysts, sectors did...
Source: AME Info
UAE markets end week on a mixed note
November 6, 2014--Despite positive input from the US, the Dubai financial market general index (DFMGI) opened with solid gains, which investors failed to sustain as the gauge closed 0.12 per cent higher at 4,406.80 points on Thursday, November 6.
Its sister market in Abu Dhabi lost 0.84 per cent to hit 4,790.28 points. In Dubai, Ajmanbank advanced ...
Source: AME Info
Last minute swing prevents the worst at Riyadh market
November 5, 2014--News that Saudi Arabia cut its oil export prices for oil to North America in order to soften the effect "fracking" weighed on Saudi shares as oil prices fell further on Wednesday, November 5.
The Tadawul All-Share Index lost 1.60 per cent to 9,628.84 points. According to report by Swiss daily NZZ, Riyadh is at...
Source: AME Info
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