Middle East ETF News Older than One Year
Gulf Livestock net income increases by 45 per cent
March 17, 2014--The Abu Dhabi Securities Exchange General Index (ADXGI) gained 1.96 per cent to close at 4,824.96 points on Sunday, March 17.
Gulf Livestock Company closed even at AED6.98. Earlier in the day, the firm said its net comprehensive income for 2013 amounted to AED42.86 million ($11.67m), up from AED29.51m ($8.04m) in the previous year.
Source: AME Info
CBQ shareholders okay dividends with bonus shares of 20 per cent
March 17, 2014--The Qatar Exchange 20 Index closed 0.62 per cent higher at 11,401.65 points on Monday, March 17.
The shares of Commercial Bank of Qatar (CBQ) closed flat at QAR75.50. Earlier in the day, the lender said the annual general assembly approved the board of directors’ recommendation to distribute a cash dividend of 20 per cent..
Source: AME Info
Egypt introduces new rules for index, real estate funds
March 15, 2014--The Egyptian Financial Supervisory Authority (EFSA) has issued new rules to facilitate the creation of index and real estate funds, as well as amendments to margin trading rules, as part of efforts to attract capital back to the stock market, Reuters has reported.
The changes would increase liquidity in the market and draw more local...
Source: AME Info
Kuwait bourse to be big fish in small pond as others upgraded
March 13, 2014--Qatar, UAE move to MSCI's emerging index in May
This will leave Kuwait by far the biggest frontier market
May attract some $700 million of additional money
Some investors starting to buy NBK, Zain in anticipation
Uncertainty persists over economy, regulation
Kuwait's stock market suffered a blow to its prestige last year when global index compiler MSCI decided to upgrade Qatar and the United Arab Emirates, leaving Kuwait languishing in a lower category. Being left behind may prove profitable for investors in Kuwaiti shares, however.
Source: Reuters
Al Tayyar Travel shares rise on extended co-op with flydubai
March 13, 2014--The Tadawul All Share Index closed 0.40 per cent higher to reach 9,386.08 points on Thursday, March 13.
SABIC shares rose by 0.65 per cent to reach SAR116.50. Al Tayyar Travel Group Holding Company ended up 0.60 per cent to SAR127.
Source: AME Info
Barwa shares jump with Qatari property boom
March 13, 2014--The Doha-based QE 20 Index slipped 0.05 per cent to end at 11,343.38 points on Thursday, March 13.
Barwa Real Estate closed ten per cent higher at QAR35.80. Earlier in the day, Barwa revealed that it earned, in 2013, a full-year net profit of QAR1.4 billion ($364m) versus QAR1.1bn ($286m) in 2012, ....
Source: AME Info
Etisalat, banks pull Abu Dhabi bourse higher
March 13, 2014--The Abu Dhabi Securities Exchange General Index (ADXGI) advanced by 2.23 per cent to close at 4,753.79 points on Thursday, March 13.
Market bellwether Etisalat, the most valuable firm in the UAE, closed 0.10 per cent higher at AED11.90.
Source: AME Info
Developers, construction lift Dubai market
March 13, 2014--The Dubai Financial Market General Index (DFMGI) gained 1.15 per cent to reach 3,980.79 points on Thursday, March 13, ending a roller-coaster trading week, with most advances happening in the real estate sector.
Union Properties was the most liquid share, closing 4.21 per cent higher at AED1.98.
Source: AME Info
Bahrain banks gain, while industrials weigh
March 13, 2014--The Bahrain All Share Index closed flat 1,374.80 points on Thursday, March 13.
Bahrain Islamic Bank surged by 3.45 per cent to reach BHD0.15. Islamic bank Al Salam edged up by 2.90 per cent, while industry heavyweight Aluminium Bahrain lost 1.21 per cent to end at BHD0.49. Gulf Finance House (GFH) closed even at $0.21.
Source: AME Info
Renaissance Capital says Iran could open for investment in 18 months
March 12, 2014--According to investment bank Renaissance Capital, an Iran freed of economic sanctions would prove the final frontier for global equity investors, Bloomberg has reported.
"The past 10 years have seen global investors reach into previously untapped markets, from local currency corporate bonds in emerging markets to equities in frontier markets," London-based chief economist, Charles Robertson,...
Source: AME Info
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