Middle East ETF News Older than One Year
Egyptian bourse grants Beltone Financial first ETF licence
April 29, 2014--Beltone Financial has received from Egypt's stock exchange the country's first licence for exchange traded funds (ETF), with trading set to commence within six weeks, Reuters has reported.
"The infrastructure and the regulations relating to the index funds are ready for work and within six weeks we can see trading of index funds papers on the bourse," said the bourse's head, Mohamed Omran. Beltone Financial was the first company to express interest in ETFs, which are listed investment funds, and is launching a fund called XT-Misr that mirrors the performance of the country's EGX 30 stock index.
Source: AME Info
RAK Ceramic soars as Samena Limestone buys 30 per cent stake
April 29, 2014--The Abu Dhabi market index (ADXGI) fell by 0.37 per cent to close at 5,071.61 points on Tuesday, April 29.
Ras Al Khaima (RAK) Ceramic Company jumped 1.57 per cent to hit AED3.89. Earlier in the day, the biggest producer of ceramic products in relation to output revealed in a filing to the market that...
Source: AME Info
SABIC, Saudi bourse fall slightly
‎April 29, 2014-- The Riyadh-based Tadawul All Share Index closed 0.13 per cent lower at 9,562.93 points on Tuesday, April 29.
SABIC lost 0.10 per cent at SAR114.25. Saudi Industrial Export Company gained the most, edging up by 10 per cent to reach SAR81.25. Atheeb Telecom recorded the biggest drop, finishing 5.70 per cent lower at SAR17.70.
Source: AME Info
DFM lures London investors
April 29, 2014--The Dubai Financial Market General Index (DFMGI) added 0.28 per cent to close at 5,084.97 points on Tuesday, April 29, amid low trading turnover.
Emaar lost 1.36 per cent to reach AED10.85. DFM added 0.27 per cent to reach AED3.68. Earlier in the day, the only Arab market listed on an exchange revealed that an...
Source: AME Info
Gulf International seals purchase of Gulf Drilling
April 29, 2014--The Qatar market index (QE 20) fell by 0.55 per cent to 12,626.95 points on Tuesday, April 29.
Developer Mazaya Qatar recorded the biggest advance, reaching QAR19.80. Ezdan Holding lost the most, finishing off 9.93 per cent lower at QAR36.75. Gulf International closed 0.22 per cent lower at QAR88.90.
Source: AME Info
NASDAQ Dubai listed shares lacklustre
April 29, 2014-The shares of DP World lost 0.60 per cent to $18.60 on Tuesday, April 29. Interior design firm Depa Limited dipped 0.43 per cent to $0.70.
Islamic property investment firm Emirates REIT closed unchanged at $1.40.
Source: AME Info
Methanol Chemicals Company dips on plant shutdown
April 28, 2014--The Saudi Arabian Tadawul All Share Index closed flat at 9,575.54 points on Monday, April 28 due to a lack of catalysts.
SABIC fell by 0.35 per cent at SAR114.50. Methanol Chemicals Company lost 0.76 per cent to SAR17. In a filing to the market, the firm said in relation to the successful resumption of...
Source: AME Info
As Dubai temperatures rise, Tabreed earns more
April 28, 2014--The Dubai Financial Market General Index (DFMGI) fell by 0.82 per cent to close at 5,074.43 points on Monday, April 28.
While Emaar closed flat at AED11.00, its rivals Deyaar Development and Union Properties declined by 1.18 per cent and 2.31 per cent, respectively. District cooling provider National Central Cooling Company, also known as Tabreed...
Source: AME Info
National Bank of Abu Dhabi outperforms rival during first quarter
April 28, 2014--The Abu Dhabi market index (ADXGI) fell by 1.2 per cent to reach 5,090.41 points on Monday, April 28.
Green Crescent Insurance Company recorded the biggest surge, closing 7.96 per cent higher at AED1.22. Aldar Properties, the first developer in the emirate, declined by 2.12 per cent to reach AED4.16.
Source: AME Info
Bahrain market edged up by 0.44 per cent
April 28, 2014--The Bahrain All Share Index closed at 1,425.25 points on Monday, April 28.
Seef Properties surged by 3.17 per cent to BHD0.195. Khaleeji Commercial Bank declined by 1.80 per cent to reach BHD0.055. Salam Bank ended even at BHD0.23.
Source: AME Info
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