Middle East ETF News Older than One Year
Bahrain's Arab Banking Corporation hits limit-up
February 19, 2014--The Bahrain All Share Index advanced for the sixth session straight, closing 0.81 per cent higher to 1,358.14 points on Wednesday, February 19.
Arab Banking Corporation (ABC) jumped ten per cent, finishing at $0.44. Earlier in the day, ABC said, following on from the October 2013 appointment of Dr. Khaled Kawan as group CEO, that...
Source: AME Info
Qatar National Cement gets nod for 60 per cent cash dividend
February 19, 2014--The QE 20 Index advanced by 1.13 per cent to 11,822.78 points on Wednesday, February 19.
Qatar National Bank gained 2.83 per cent, reaching QAR192.50. Qatar National Cement dived by 5.06 per cent to QAR114.40. Earlier in the day, the firm said the annual general meeting (AGM) has approved a distribution of 60 per cent...
Source: AME Info
Saudi International Petrochemical falls as net profit stagnates
February 18, 2014--The Tadawul All Share Index ended 0.19 per cent higher at 8,956.86 points on Tuesday, February 18.
Saudi International Petrochemical Company slipped by 0.33 per cent to SAR30; its net income for 2013 was SAR620.5 million, increasing 3.21 per cent year on year. The firm says this was due to the slight increase in its...
Source: AME Info
Qatar's Mannai Corporation steps up stake in Damas jewellery
February 18, 2014--The QE 20 Index declined by 0.30 per cent to 11,690.49 points on Tuesday, February 18.
Doha Insurance dived 9.97 per cent to QAR27.55. Mannai Corporation surged 5.20 per cent to QAR103.10. Earlier in the day, Mannai said in a filing to the bourse in Doha that it increased its stake in Dubai-based regional jewellery ...
Source: AME Info
du shares dive on fourth quarter profit decline
February 18, 2014--The Dubai Financial General Index (DFMGI) closed 1.33 per cent lower at 4,167.75 points on Tuesday, February 18, as trading volumes remained at bullish levels.
Emaar gained 3.27 per cent to AED8.84 after Moody's upgraded the Middle East region's biggest developer credit rating from Ba3to Ba1. Telecom operator du plummeted 5.63 per cent to AED6.20.
Source: AME Info
Bahrain's Arab Banking Corporation jumps as annual profit rebounds
February 18, 2014--The Bahrain All Share Index advanced the fifth session straight, closing 1.10 per cent higher to 1,347.28 points on Tuesday, February 18.
Arab Banking Corporation (ABC) gained 6.67 per cent, finishing at $0.40. Earlier in the day, ABC said its consolidated group net profit for the year ending 2013 was $239 million, a 17 per
Source: AME Info
Saudi bourse index fails to cross 9,000
February 17, 2014--The Tadawul All Share Index ended 0.34 per cent lower at 8,939.88 points on Monday, February 17.
SABIC fell by 0.88 per cent to SAR112.25. National Gas and Industrialization Company gained 1.14 per cent, reaching SAR26.70. The firm said earlier in the day that its net income amounted to SAR113.9 million in 2013, translating into ...
Source: AME Info
Bahrain bourse gains the third session straight
February 17, 2014--The Bahrain All Share Index advanced by 0.68 per cent to reach 1,332.63 points on Monday, February 17.
Like in the previous sessions, lenders were leading the market's advance. Salam Bank edged up by 9.82 per cent to BD0.179. Bank Al Baraka gained 3.51 per cent to $0.885. Islamic bank Ithmaar failed to the join...
Source: AME Info
Industries Qatar soars despite lower annual profit
February 17, 2014--The QE 20 Index advanced by 1.54 per cent to 11,724.20 points on Monday, February 17.
Market bellwether Industries Qatar jumped by 7.40 per cent to QAR193.10. Earlier in the day, the market heavyweight said that the financials revealed a net profit of QAR8 billion ($2.16bn) in 2013 versus QAR8.4bn ($2.26bn) in 2012 and the...
Source: AME Info
Higher costs diminish Gulf Medical Projects Company profits
February 17, 2014-The Abu Dhabi Securities Exchange General Index (ADXGI) closed 0.24 per cent lower at 4,880.06 points on Monday, February 17.
Market bellwether, Etisalat, closed flat at AED11.80. Gulf Medical Projects Company (GMPC) also ended even, at AED2.70. Earlier in the day, the firm said that its net income for 2013 amounted to AED70.7 million ($19.28m),...
Source: AME Info
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