Middle East ETF News Older than One Year
Emaar malls' sukuk raises mood at Dubai market
June 5, 2014--The Dubai Financial Market General Index (DFMGI) ended a two-day losing streak and finished the first week of June 1.63 per cent higher at 5,100.68 points on Thursday, June 5.
Market leader Emaar Properties was in the limelight on the trading floor. The biggest developer in the UAE gained two per cent to hit AED10.15...
Source: AME Info
Abu Dhabi market rebounds to reach 5,055 points
June 5, 2014--In Abu Dhabi, the local stock market index (ADXGI) advanced 0.73 per cent on Thursday, June 5. Arkan Building Materials jumped 3.60 per cent to hit AED2.30.
Gulf Livestock Company recorded the biggest drop, ending off by 9.85 per cent to AED5.49. Market breadth was neutral, as 14 shares advanced and 14 declined in value..
Source: AME Info
Qatar Exchange rises with regional recovery
June 5, 2014--Parallel to a general relief rally at GCC markets on Thursday, June 5, the QE 20 Index halted a three-day losing streak and finished 0.68 per cent higher at 13,232.06 points. Mannai Corp failed to join and lost 2.58 per cent to close at QAR113.10.
Earlier in the day, Mannai revealed that its wholly owned...
Source: AME Info
Ithmaar Bank a lonely gainer at Manama market
June 5, 2014--The Bahrain All-Share Index advanced by 0.10 per cent to hit 1,461.55 points on Thursday, June 5.
Ithmaar Bank, after plummeting by 6.45 per cent yesterday, advanced 3.45 per cent to close at $0.15. No share lost value. Aluminum Bahrain closed unchanged at BHD0.444.
Source AME Info
DGCX volumes surge 24% in May
June 5, 2014--May trading volumes on the Dubai Gold and Commodities Exchange (DGCX) recorded a robust growth of 24% from previous month, aggregating 1,017,991 contracts, valued at $31.5bn.
The currency segment was the key driver of volume growth, trading 923,491 contracts to record a month-on-month increase of 22%. Among the currency pairs, Indian Rupee Futures grew...
Source: AME Info
Abu Dhabi economy grew 5.2% in 2013
June 4, 2014--According to figures from Abu Dhabi's Statistics Centre Abu Dhabi (SCAD), the emirate's economy expanded an inflation-adjusted 5.2% in 2013, a much slower rate than the government had previously estimated but still higher than 4.8% in the previous, Reuters has reported.
This was much lower than an estimate in February by the emirate's Department of ...
Source: AME Info
Emirates NBD comments lift Saudi bourse
June 4, 2014--The Riyadh-based Saudi Arabian Tadawul All-Share Index advanced by 0.62 per cent to close at 9,838.86 points on Wednesday, June 4.
Arjuna Mahendran, chief investment officer at Emirates NBD in Dubai, says: "We are positive on the Saudi Arabian equity benchmark-Tadawul All Share Tasi Index-which has reasonably valued stocks, with high ...
Source: AME Info
Aldar gains as developer retires $1.25 billion bond
June 4, 2014--In Abu Dhabi, the local stock market index (ADXGI) fell by 0.90 per cent to 5,018.96 points on Wednesday, June 4.
Insurance firm Watania dived seven per cent to reach AED0.93. Aldar Properties gained 0.70 per cent, finishing at AED4.30. Earlier in the day, the first developer in Abu Dhabi revealed that it repaid a...
Source: AME Info
Dubai market dips, COO announces short-selling to come
June 4, 2014--The Dubai Financial Market General Index (DFMGI) declined for the second day straight on Wednesday, June 4, ending off by 1.07 per cent to 5,018.78 points.
Hassan Al-Serkal, the DFM's executive vice-president and chief operating officer, says the exchange will take the necessary steps to keep investors’ interests high to retain recently achieved status upgrade...
Source: AME Info
Qatar market declines slightly
June 4, 2014--The QE 20 Index fell for the third consecutive session on Wednesday, June 4, ending down by 0.60 per cent to 13,142.69 points.
Qatar Fuel gained the most, closing 5.43 per cent higher at QAR221.40. Barwa Real Estate lost 0.50 per cent to hit QAR41.80. In a filing to the market, Barwa revealed, on the...
Source: AME Info
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