Middle East ETF News Older than One Year
AXA Coop Insurance gains as firm gets nod for e-sales
August 7, 2014--The Riyadh-based Tadawul All-Share Index advanced by 0.71 per cent to reach 10,552.48 points on Thursday, Aug. 7.
AXA Cooperative Insurance Company added 0.40 per cent, finishing at SAR43.70. Since June, the stock has been trading in a narrow range around SAR45. Earlier in the day, AXA Coop said the Saudi Arabian Monetary Agency SAMA
Source: AME Info
Bahrain market flirts with 1,500 points, ARIG reports results
August 7, 2014--Following the dull trading period in July, the Bahrain All-Share Index climbed constantly in the first week of August and closed on Thursday, Aug. 7,
0.54 per cent higher at 1,494.03 points. Arab Insurance or ARIG closed even at BD0.55. Earlier in the day, ARIG said its net income in the half-year reached $ 4.7m
Source: AME Info
Qatar market dips amid lackluster trading
August 7, 2014--The QE 20 Index in Doha ended off 0.21 per cent at 13,076.33 points on Thursday, Aug. 7.
On Wednesday, Qatar's Emir Tamim bin Hamad Al Thani has approved a law allowing foreigners to own UP TO 49 per cent of shares in companies listed on the Qatar stock exchange.
Source: AME Info
Real estate saves the day at Dubai bourse
August 7, 2014--The Dubai financial market general index DFMGI rebounded by 0.17 per cent,closing at 4,734.76 points on Thursday,August 7.
Emaar Properties regained 1.56 per cent to reach AED9.75. Arabtec Holding,the biggest construction firm in the UAE,was the most liquid share and advanced by one per cent to hit AED4.10.
Source: AME Info
No gainer at the NASDAQ Dubai
August 7, 2014--The FTSE NASDAQ Dubai UAE 20 Index finished 0.61 per cent higher at 4,296.67 points on Thursday, August 7.
The gauge measures the performance of the most liquid shares listed on the DFM,the ADX in Abu Dhabi and the NASDAQ Dubai. DP World closed unchanged at $20.00.
Source: AME Info
Qatar joins Saudi in relaxing foreign access to bourse
August 6, 2014--Qatar's Emir Tamim bin Hamad Al Thani has approved a law allowing foreigners to own up to 49 per cent of shares in companies listed on the Qatar Exchange.
Until now, foreigners could only acquire up to 25 per cent of Qatari companies. Under the new regulation, however, foreign investors will also be able to become majority shareholders if the Ministry of Finance gives them permission.
Source: AME Info
SABB/HSBC PMI Index two-year high lifts Tadawul bourse
August 6, 2014--The Saudi Arabian Tadawul All-Share Index closed 0.27 per cent higher at 10,478.34 points on Wednesday, August 6.
Earlier in the day, The Saudi British Bank "SABB" has published the results of the headline SABB HSBC Saudi Arabia Purchasing Managers' Index(SM) (PMI(TM)) for July 2014- a monthly report issued by the bank and HSBC. The monthly-adjusted...
Source: AME Info
Etisalat, Dana Gas in the spotlight at Abu Dhabi market
August 6, 2014--The Abu Dhabi stock market index ADXGI fell for the fourth session straight on Wednesday,August 6,closing 0.94 per cent lower at 4,916.23 points Market bellwether Etisalat,the most valuable company in the UAE,lost 0.43 per cent to reach AED11.40.
Commenting on media reports regarding a planned going public of its subsidiary Etisalat...
Source: AME Info
Dubai market dives amid Ukraine worries
August 6, 2014--The Dubai financial market equity index DFMGI plummeted 2.40 per cent to hit 4,726.57 points on Wednesday, August 6.
Asian markets gave negative input on rising concerns Russia and Ukraine might head to a full-scale military escalation due to Ukrainian forces advancing towards its Eastern border with Russia.
Source: AME Info
DP World bucks sluggish market trend
August 6, 2014--The crossover-markets gauge FTSE NASDAQ Dubai UAE 20 Index dived 2.41 per cent to hit 4,270.610 on Wednesday, August 6.
Dubai Ports (DP) World added 0.50 per cent to close at $20. No other listed shares at the NASDAQ Dubai posted a price change.
Source: AME Info
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