Middle East ETF News Older than One Year
Dubai market loses 12 per cent in one week
May 20, 2014--After opening with small gains, the Dubai Financial Market General Index (DFMGI) fell for the fifth session straight on Tuesday, May 20, closing 4.11 per cent lower at 4,655.71 points.
Emaar lost by 3.65 per cent to reach AED9.25. The UAE's first developer and market bellwether lost AED1 since the start of the week. Arabtec...
Source: AME Info
GCC remains main growth engine in Mena: report
May 20, 2014--Qatar National Bank Group (QNB) has said that GCC countries continue to be the main engine of economic growth in the Middle East and North Africa (MENA), with Qatar leading the way, Saudi Gazette has reported.
Real GDP growth in the GCC registered an estimated 4.1% in 2013 with the highest growth rate in Qatar (6.5%), compared with 2.7% for the rest of the MENA region.
Source: AME Info
Dar Al Arkan kicks off sukuk roadshow
May 19, 2014--The Saudi Arabian stock market Tadawul saw its market index falling by 0.90 per cent to close at 9,724.75 points.
The shares of Dar Al Arkan Real Estaet Development gained against the trend, closing 0.76 per cent higher at SAR14.60. Earlier in the day, the property giant revealed that, further to the announcements May 20,...
Source: AME Info
NASDAQ Dubai-listed shares end mixed
May 19, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 4.42 per cent lower at 4,396.74 points on Monday, May 19.
Market bellwether Dubai Ports (DP) World fell by 1.50 per cent to $19.65. Interior design firm DEPA Limited bucked the trend by gaining 2.34 per cent, finishing at $0.656.
Source: AME Info
Abu Dhabi bourse slashes more than two per cent
May 19, 2014--The Abu Dhabi stock market index (ADXGI) lost 2.34 per cent to hit 4,869.57 points on Monday, May 19, representing a two-month low.
Like at its sister market in Dubai, shares lost across the board at the ADX, as only four stocks advanced, while 26 declined. Weak input from Asian markets after disappointing data from...
Source: AME Info
Dubai market plummets by more than five per cent
May 19, 2014--Only the closing bell at 2pm (local time) prevented a 'bloodbath' at the Dubai Financial Market, with its general index (DFMGI) falling for the fourth session straight on Monday, May 19, closing 5.46 per cent lower at 5,855.50 points.
Emaar dived 6.34 per cent to hit AED9.60. Arabtec, as the most liquid share, headed down...
Source: AME Info.com
S&P affirms Egypt's ratings
May 18, 2014--Global credit ratings agency, Standard and Poor's (S&P) has affirmed Egypt's long term and short-term foreign and local currency sovereign credit ratings, with 'Stable' outlook, Daily News Egypt has reported.
"The affirmation reflects our view that official donors will continue to provide the Egyptian government sufficient foreign currency funds to manage the country's short-term fiscal...
Source: AME Info
Ma'aden mulls capital increase to expand gold operations
May 15, 2014--The Saudi Arabian Tadawul All-Share Index closed dipped by 0.13 per cent to 9,807.37 points on Thursday, May 15.
SABIC remained in a stutter mode, ending off 0.80 per cent lower at SAR118.50. Saudi Arabian Mining Company, better known as Ma'aden (Arabic for metals), lost 4.14 per cent, after gaining 5.49 per cent yesterday.
Source: AME Info
Dana Gas dives on weak first-quarter performance
May 15, 2014--The Abu Dhabi equity market index (ADXGI) gained 0.11 per cent to hit 5,021.47 points on Thursday, May 15.
There were gains, but no cheers on the first trading day that marked the UAE's official upgrading to 'emerging market' status by global raing agency MSCI. Nine UAE shares entered the MSCI emerging market index from
< a href="http://www.ameinfo.com/blog/energy-oil-and-gas/dana-gas-dives-weak-first-quarter-performance/" TARGET="_top">view more
Source: AME Info
Profit takings rule at Dubai market on UAE's first emerging market day
May 15, 2014--The Dubai Financial Market General Index (DFMGI) dived 2.59 per cent to close at 5,181.14 points on Thursday, May 15, the first trading day that marked the UAE's official upgrading to 'emerging market' status by global ratings agency MSCI.
Nine UAE shares have entered the MSCI emerging market index: Emaar (which fell by 4.13 per…
Source: AME Info
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