Middle East ETF News Older than One Year
Investcorp annual result lifts Bahrain Bourse
August 4, 2014--The Bahrain All-Share Index continued its dogged recovery and closed 0.19 per cent higher at 1,475.25 points on Monday, Aug. 4.
Lenders performed well in particular. Islamic financial institution Salam Bank Bahrain jumped 4.80 per cent to hit BD0.22. Khaleeji Commercial Bank edged up by 2.04 per cent higher to reach BD0.050
Source: AME Info
Blue chips only day at Bahrain bourse
July 31, 2014--The Bahrain All-Share Index in Manma gained 0.36 per cent to reach 1,471.70 points on Thursday, July 31, marking the first trading day after Eid holidays.
National Bank of Bahrain or NBB advanced the most (up 5.95 per cent), while Bahrain Telecom or Batelco recorded the biggest drop (3.21 per cent). Islamic bank Ithmaar closed...
Source: AME Info
Abu Dhabi bourse index shaves 5,000 points
July 31, 2014--The Abu Dhabi equity market index ADXGI advanced by one per cent to close at 5,054.95 points on Thursday, July 31.
National Takaful or Watania gained 14 per cent to reach AED1.14. The Islamic insurance operator said in a filing to the bourse last Sunday that investors in the GCC were planning to buy a...
Source: AME Info
Damac listing plans boost Dubai market
July 31, 2014--On the last day of the month, Thursday, July 31, also the first trading day after Eid holidays, the Dubai equity market index DFMGI gained two per cent to hit 4,833.24 points.
On Wednesday, Dubai-based developer Damac Properties said it would list shares on the DFM. Its global depository receipts which the developer of several...
Source: AME Info
Saudi Stock Exchange Index Rises 7 % in July
July 28, 2014--Saudi Stock Exchange "Tadawul" index closed at the end of last July at 10214.73, up 7.38 % compared to June, which is the highest rate since 2008.
The Exchange's monthly statistical report showed that the index achieved returns by 19.67 % from the beginning of the year 2014 until the end of July.
Source: Zawya
IMF Working paper-Middle East Transitions: A Long, Hard Road
July 25, 2014--Summary: Since the onset of the Arab Spring,economic uncertainty in Egypt, Jordan, Libya, Morocco, Tunisia,and Yemen (Arab Countries in Transition,ACTs) has slowed already sluggish growth; worsened unemployment, particularly of youth; undermined business confidence,affected tourist arrivals,and depressed domestic and foreign direct investment.
Furthermore,political and social tensions have constrained reform efforts. Assessing policy options as presented in the voluminous literature on the Arab Spring and based on cross-country experience,this paper concludes that sustainable and inclusive growth calls for a two pronged approach: short term measures that revive growth momentum and partially allay popular concerns; complemented with efforts to adjust the public’s expectations and prepare the ground for structural reforms that will deliver the desired longer tem performance.
view the IMF IMF Working paper-Middle East Transitions: A Long, Hard Road
Source: IMF
Dallah Healthcare secures 955 million Saudi riyal Islamic financing
July 25, 2014--The Tadawul All-Share Index finished Thursday, July 24, which marked the last trading day in July and in Ramadan, with a day-gain of 0.51 per cent to close at 10,214.73 points.
Buying power remained solid after the Saudi government announced earlier in the week to open the market for foreign institutions as early as Q1.
Source: AME Info
Bank earnings spree means little joy for Dubai market
July 24, 2014--The Dubai equity market index DFMGI fell by 0.34 per cent to hit 4,651.75 points on Thursday, July 24.
The financial sector was in the focus on one of the last trading days during Ramadan. Emirates NBD surged by 4.21 per cent to hit AED9.90.
Source: AME Info
Qatari developers in mixed trading on half-year results
July 24, 2014--The Qatar Exchange 20 Index lost 1.80 per cent to close at 12,952.82 points on Thursday, July 24.
United Development Company (UDC) added 0.18 per cent to reach 27.95. UDC, the builder of the man-made island, The Pearl Qatar, revealed a net profit of QAR 498.86 million ($135.92 million) in comparison to QAR 325.41 million ($88.74 million)
Source: AME Info
Stagnant half-year sends RAK Properties shares down
July 24, 2014--The Abu Dhabi market index ADXGI lost 0.23 per cent, closing at 4,952.96 points on Thursday, July 24.
Since July 15, the gauge has been running against the resistance level at 5,000 points. Ras al-Khaima (RAK) Properties slipped 1.96 per cent to AED1.00.
Source: AME Info
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