Middle East ETF News Older than One Year
Bahrain shares dumped, index falls below key resistance level
September 8, 20154--The Manama-based Bahrain All-Share Index declined by 0.30 per cent to reach 1,467.25 points.
Since August 10, the resistance level has been tested three times and, with today's trading action, the sentiment turned bearish. Arab Banking Corporation lost 2.80 per cent to hit $0.700. Bahrain Telecom closed flat at BHD0.36.
Source: AME Info
Saudi Real Estate Company gains on dividends announcement
September 8, 2014--The Tadawul All-Share Index surged 1.43 per cent to reach 11,143.82 points on Monday, September 7.
Saudi Real Estate Company advanced by 1.43 per cent to reach SAR48.80.
Source: AME info
While oil prices drop, Abu Dhabi bourse rises
September 8, 2014--The Abu Dhabi stock market gauge ADXGI closed 0.52 per cent higher at 5,187.75 points on Monday, September 8.
Investors demanded National Bank of Umm Al-Qaiwain (up by 7.70 per cent) and fish producer Asmak (5.27 per cent higher). Oil prices of DME Oman crude fell below $100 on Monday, closing $1.77 lower at $98.40.
Source: AME Info
Saudi Real Estate Company gains on dividends announcement
September 8, 2014--The Tadawul All-Share Index surged 1.43 per cent to reach 11,143.82 points on Monday, September 7.
Saudi Real Estate Company advanced by 1.43 per cent to reach SAR48.80.
Source: AME Info
While oil prices drop, Abu Dhabi bourse rises
September 8, 2014--The Abu Dhabi stock market gauge ADXGI closed 0.52 per cent higher at 5,187.75 points on Monday, September 8.
Investors demanded National Bank of Umm Al-Qaiwain (up by 7.70 per cent) and fish producer Asmak (5.27 per cent higher).
Source: AME Info
Saudi Stock Market August 2014
September 4, 2014--On July 22, 2014, the Saudi Arabian government approved the opening of its stock market, the Tadawul All Shares Index (TASI), to direct foreign investment. This decision was met with high approval from investors and economic experts throughout the Kingdom. On the day of the announcement, the Saudi market index breached the 10,000 point mark for the first time in six years, and closed the day at 10,025.14 points after jumping up over 275.12 points from when the day began.
Currently estimated at a capitalization of $530 billion, the Saudi stock market is the largest in the Arab world. This measure has been one of the most highly anticipated economic reforms in the Kingdom's recent history, and is set to take place in early 2015. The shift is predicted to dramatically increase the flow of foreign capital into the Kingdom, and carries the potential to instigate an inflow of up to $50 billion into the country.
Source: susris.com
Advanced Petrochemical in the spotlight on South Korea deal
September 4, 2014--The Tadawul All-Share Index closed 0.10 per cent higher at 11,068.83 points on Thursday, September 4.
Advanced Petrochemical surged 9.74 per cent to hit SAR59.50
Source: AME Info
Abu Dhabi-listed stocks lose across the board
September 4, 2014--The ADX General Index fell by 0.76 per cent to 5,141.18 points on Thursday, September 4.
Dana Gas dived 2.74 per cent to AED0.71. Abu Dhabi Commercial Bank gained the most, finishing 2.51 per cent higher at AED8.58.
Source: AME Info
Dubai market "PR rally" loses steam
September 4, 2014--The Dubai financial market general index (DFMGI) finished the first trading week of September lost one per cent to close at 5, 171.95 points on Thursday, September 4.
Emaar lost 1.30 per cent to hit AED11.55.
Source: AME Info
Qatar exchange index eyes 14,000 points
September 4, 2014--Doha shares bucked the sluggish trend in the GCC on Thursday, September 4, and closed 1.07 per cent higher at 13,985.98 points.
Qatar National Bank, the biggest lender in the GCC in relation to assets, consolidated above QAR200, closing 2.60 per cent higher at QAR209.80.
Source: AME Info
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