Middle East ETF News Older than One Year
Dubai market rebound halted abruptly
May 28, 2014--After re-crossing the barrier at 5,000 points yesterday (Tuesday, May 27), the Dubai Financial Market General Index (DFMGI) plummeted by 3.26 per cent to hit 4,845.78 points on Wednesday, May 28.
Market breadth ended deeply in the red, as three shares advanced, while 24 declined in value. Arabtec was the most liquid share, ending down
Source: AME Info
Fawaz Abdulaziz AlHokair gains on sukuk plans
May 28, 2014--In Riyadh, the Tadawul All-Share Index advanced by 0.10 per cent to hit 9,830.19 points on Tuesday, May 27.
Market breadth was negative, as 67 shares advanced, while 74 declined in value. Fawaz Abdulaziz AlHokair Company added 0.28 per cent, finishing at SAR193.75. Earlier in the day, the wholesale retailer of fashion revealed that it will...
Source: AME Info
Qatar increases foreign ownership limit
May 27, 2014--Sheikh Tamim bin Hamad Al Thani, the Emir of Qatar has ordered an increase the 25% foreign ownership limit for shares listed on Doha's stock exchange, less than a week before an MSCI Inc.
upgrade to emerging market status, Bloomberg has reported. Investors outside the six-nation GCC will be able to hold as much
Source: AME Info
Qatar Exchange gains as market lures London investors
May 26, 2014--The QE 20 Index closed 0.32 per cent to close at 13,393.34 points on Monday, May 26.
The Doha-listed shares ended mixed, with banks and financial services leading the advance. Ahead of the MSCI Emerging Markets inclusion for Qatari companies, the Qatar Stock Exchange hosted a dinner event in London for senior representatives of brokers...
Source: AME Info
Dubai market cheers nod for Emaar's IPO plans
May 26, 2014--The Dubai Financial Market General Index (DFMGI) gained 1.86 per cent to hit 4,954.62 points on Monday, May 26.
Emaar was in the focus of the trading action, adding 3.22 per cent to hit AED10. The developer and market bellwether has received the required approval from the UAE’s Securities and Commodities Authority for selling down...
Source: AME Info
SABIC soars on Korean joint venture
May 26, 2014--The GCC equity bellwether index Tadawul All-Share Index closed 0.50 per cent higher at 9,821.53 points on Monday, May 26.
SABIC edged up by 0.78 per cent to hit SAR117. Earlier in the day, the world's biggest producer of petrochemicals said that its wholly owned subsidiary SABIC Industrial Investment Company and the Korean petrochemical company...
Source: AME Info
Abu Dhabi bourse re-conquers the 5,000-points mark
May 26, 2014--The Abu Dhabi equity market index (ADXGI) jumped 2.04 per cent to close at 5,026.37 points on Monday, May 26.
Emirates Telecommunications Corporation, better known as Etisalat, added 0.44 per cent, ending at AED11.40. Earlier in the day, the most valuable firm in the UAE revealed in a filing to the market that its subsidiary...
Source: AME Info
QE to introduce margin trading, short selling
May 25, 2014--The Qatari bourse is planning to introduce margin trading and covered short selling in the near future and so is busy with the regulator to evolve rules and regulations to govern the above transactions.
The idea is to increase investment opportunities on the market, diversify the market and help enhance liquidity. This was disclosed at a dinner meeting in London by the CEO of the bourse, Qatar Exchange ( QE ), Rashid Al Mansoori. Present at the meet held recently were sell side brokers and institutions in London who are responsible for international flow into the Qatari market.
Source: Zawya
Saudi Telecom launches riyal-based Sukuk scheme
May 21, 2014--The Tadawul All-Share Index in Riyadh gained 0.35 per cent to close at 9,765.82 points on Wednesday, May 21.
Saudi Telecom edged up by 0.40 per cent to reach SAR66.25. Earlier in the day, Saudi Telecom announced the establishment of a riyal-denominated Islamic bonds (sukuk) issuance programme, which will be a framework for the issuance...
Source: AME Info
Kuwait's IFA dives on first-quarter loss
May 21, 2014--The Kuwait Stock Exchange (KSE) market index declined by 1.44 per cent to close at 7,378.35 points on Wednesday, May 21.
International Financial Advisors (IFA) lost the most, ending down by 4.84 per cent to KWD0.059. Earlier in the day, IFA, which has shares listed on the Dubai market, revealed that it suffered a loss...
Source: AME Info
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