Middle East ETF News Older than One Year
Dubai market plummets on Ukraine, overheating fears
March 12, 2014--The Dubai Financial Market General Index (DFMGI) dived 3.81 per cent to reach 3,935.79 points on Wednesday, March 12, representing a two-month low.
Shares lost across the board, as the crisis on Crimea, and the war of words between Russian and the Ukraine continued.
Source: AME Info
Tadawul bourse remains in a stutter mode
March 11, 2014--The Tadawul All Share Index closed 0.12 per cent higher at 9,354.55 points on Tuesday, March 11.
The world,s biggest petrochemical firm SABIC closed unchanged at SAR116. Saudi Arabia Refineries Co (SARCO) gained the most, finishing 9.77 per cent higher at SAR70.25.
Source: AME Info
Industries Qatar gets a nod for 110 per cent cash dividend
March 11, 2014--The QE 20 Index gained by 1.72 per cent to reach 11,509.16 points on Tuesday, March 11.
The market bellwether, Industries Qatar's (IQ) shares fell by 7.14 per cent to close at QAR182.
Source: AME Info
Abu Dhabi market loses for the fourth session straight
March 11, 2014--The Abu Dhabi Securities Exchange General Index (ADXGI) lost 1.23 per cent to close at 4,769.58 points on Tuesday, March 11.
Market bellwether Etisalat lost 0.42 per cent to reach AED11.95, representing a two-week low. Abu Dhabi Islamic Bank (ADIB) added 0.50 per cent, ending at AED8.00.
Source: AME Info
Bank shares plummet at Dubai market
March 11, 2014--The Dubai Financial Market General Index (DFMGI) fell by 1.40 per cent to reach 4,091.62 points on Tuesday, March 11.
Commercial Bank of Dubai, the ninth biggest local lender in the UAE, declined the most, closing off 9.78 per cent lower at AED6.27. Dubai Islamic Bank dived 4.68 per cent to reach AED5.91....
Source: AME Info
Bahrain lenders fail to boost Manama market
March 11, 2014--The Bahrain All-Share Index closed flat at 1,387.27 points on Tuesday, March 11.
Gulf Finance House (GFH) closed unchanged at $0.215. At a press conference in Tunisia today (Tuesday, March 11), the Islamic bank revealed that Tunis Bay Project Company (TBPC) has announced the appointment of Soroubat, a leading Tunisian contractor,...
Source: AME Info
Egypt 'likely' to miss economic growth target
March 10, 2014--Egyptian minister of planning and international cooperation, Ashraf El-Arabi has said the country's economy is likely to grow less than the government's target of at least 3% because of political turmoil, Bloomberg has reported.
The minister said he hopes that gross domestic product growth will exceed 2% in the fiscal year that ends in June.
Source: AME Info
Zero-dividend round pulls Dar Al-Arkan shares down
March 10, 2014--The Tadawul All Share Index closed 0.10 per cent lower at 9,343.78 points on Monday, March 10.
Dar Alarkan Real Estate Development Company (DAAR) lost by four per cent to reach SAR12. Earlier in the day, DAAR revealed..
Source: AME Info
Kuwait Stock Exchange struggles to retain key support level
March 10, 2014--The KSE market index fell by 0.31 per cent to end at 7,491.86 points on Monday, March 10.
In the past seven days, the gauge has been trading at approximately 7,530 points, a key support level that was successfully tested on December 29, 2013. National Bank of Kuwait lost slightly, ending at KWD0.930.
Source: AME Info
Qatar exchange shrugs off IMF warnings
March 10, 2014--The QE 20 Index gained 0.60 per cent to close at 11,710.94 points on Monday, March 10.
Earlier in the day, the IMF revealed that Qatar might face higher costs for hiring foreign workers due to alleged reports about deaths of migrant workers in construction sites, as reported by Arab News.
Source: AME Info
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