Middle East ETF News Older than One Year
SABIC helps Saudi market index to stabilise
June 10, 2014--Riyadh-based Tadawul All-Share Index (TASI) gained 0.14 per cent to close at 9,905.68 points on Tuesday, June 10, albeit market breadth was negative, as 60 shares advanced, while 85 stocks declined in value.
SABIC, as the third most liquid share, recovered another 0.10 per cent to hit SAR117.50. Two weeks ago, the world’s biggest manufacturer...
Source: AME Info
DP World defends level above USD20
June 10, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed off two per cent at 4360.05 on Tuesday, June 10.
Dubai Ports (DP) World bucked the downtrend and gained 2.34 per cent to hit U$20.98. Emirates REIT advanced by 0.68 per cent at U$1.47.
Source: AME Info
RAK Bank announces euro medium-term note scheme
June 10, 2014--The Abu Dhabi market index (ADXG) lost for the third day straight, ending down by 1.60 per cent to 4,869.67 points on Tuesday, June 10.
Sector indices lost across the board, with the exception of services. RAK Bank closed unchanged at AED8.23. Earlier in the day, the national bank of Ras Al Khaima revealed in...
Source: AME Info
Arabtec plummets as bulls lose the intra-day fight once more
June 10, 2014--After opening with modest gains, the Dubai Financial Market General Index (DFMG) dived 1.63 per cent to 4,693.20 points on Tuesday, June 10, representing a three-week low.
Construction giant Arabtec Holding dived 9.96 per cent (a near limit down) to AED4.88. Arab Insurance Group and Oman Insurance Group, on the other hand, gained 15 per...
Source: AME Info
Exhausted Dubai market dives another four per cent
June 9, 2014--The Dubai Financial Market General Index (DFMGI) plummeted 4.06 per cent to close at 4,771.10 points on Monday, June 9, in its biggest day-drop in weeks.
Since its 2014-high of 5,374 points (reached on May 6), the gauge lost more than 11 per cent. Emaar fell by 3.72 per cent to close at AED9.58. Dubai...
Source: AME Info
Saudi Arabia to launch sovereign fund
June 9, 2014-Saudi Arabia's Shoura Council is set to discuss a draft law for the National Reserve Fund in meetings scheduled for today and tomorrow in Riyadh, Arab News has reported.
The fund will be tasked with investing state reserves "to assure the kingdom's financial stability," said Saad Al-Mareq, chairman of the financial affairs committee at the...
Source: AME Info
Riyadh market breaks out of range trading
June 9, 2014--The Saudi Arabian Tadawul All-Share Index TASI on Monday,June 9,gained 0.40 per cent to hit 9,892.12 points,the first significant advance since June 1.
Market bellwether SABIC,the world's largest producer of petrochemicals,added 0.51 per cent to SAR117.25. Tihama Advertising and Public Relations Company dived 9.90 per cent to SAR211.50,finishing as...
Source: AME Info
Overheating fears drag Abu Dhabi bourse down
June 9, 2014--The UAE capital equity index (ADXGI) lost one per cent to close at 4,948.10 points on Monday,June 9.
Finance House gained the most,edging up by 4.80 per cent to hit AED3.50. Aldar Properties plummeted by 4.30 per cent to AED4.02. The biggest developer in Abu Dhabi came under pressure like all listed developers...
Source: AME Info
Qatari insurers buck downtrend
June 9, 2014--The Qatar Exchange 20 Index lost 1.37 per cent to close at 12,969.65 points on Monday,June 9.
Banks were sold,in particular. Qatar National Bank,Commercial Bank of Qatar and Qatar Islamic Bank fell by 0.40 per cent,1.64 per cent and two per cent,respectively. Qatar Insurance and Doha Insurance advanced by 1.63...
Source: AME Info
Saudi Arabia's Almarai upgrades import capacity
June 5, 2014--The Saudi Stock Exchange saw its market index TASI adding 0.04 per cent to hit 9,860.41 points on Thursday, June 5.
The shares of food and beverages producer Almarai closed 0.31 percent to reach SAR71.
Source: AME Info
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