Middle East ETF News Older than One Year
DFM shares soar on trading interest
February 11, 2014--The Dubai Financial General Index DFMGI opened weaker today, February 11, but eventually turned into the green and closed 0.98 per cent higher, at 4,065.29 points.
DFM, the only Arab bourse where shares are listed publicly, jumped seven per cent to hit AED3.06. The local bourse of Dubai has witnessed a steep surge in trading...
Source: AME Info
Northern Region Cement joins Saudi earnings spree
February 11, 2014--The Tadawul All Share Index gained 0.10 per cent to 8,837.95 points on Monday, February 10.
Northern Region Cement added 0.20 per cent to SAR24.95. Earlier in the day, Northern Cement said that its net income in 2013 surged by 151 per cent to SAR234 million ($63.18m). Market bellwether SABIC closed even at SAR111.75. Since...
Source: AME Info
CBQ shares dive as annual profit retreats
February 10, 2014--The QE 20 Index climbed 1.02 per cent to 11,305.87 points on Monday, February 10. The country's second lender Commercial Bank of Qatar (CBQ) dived four per cent to QAR70.
Earlier in the day, CBQ said that the financials for 2013 revealed a net profit of QAR1.605 billion in 2013 versus QAR2.012bn in 2012. Profit for the fourth...
Source: AME Info
DSI expands footprint in Eastern Europe
February 10, 2014-- The Dubai Financial General Index DFMGI gained 1.29 per cent, reaching 4,025.69 points on Monday, February 10.
It was the first to close above 4,000 points in more than six years. Drake and Scull International (DSI) was the most liquid share, ending up 4.76 per cent at AED1.76.
Source: AME Info
UAE markets end the week in positive territory
February 7, 2014--UAE markets ended the week higher on Thursday with Dubai's benchmark stock index surging more than 4% compared to a one per cent rise in the capital's measure.
The Dubai Financial Market General Index rose 1.45 per cent to 3931.44 as volumes and turnover fell to 2.67 from Wednesday's Dh3.25 billion. Total volume traded stood at 1.27 billion shares. Much of the trading was driven by investors buying shares of Emaar Properties, the bonds of which was upgraded on Wednesday to investment grade by ratings agency S&P, with a stable outlook. The stock jumped 4.67 per cent to Dh8.30.
Source: Zawya
Slow Growth in the Middle East and North Africa Region Calls for Bold Approach to Economic Reform
A short term focus on political and security concerns has stood in the way of the structural reforms needed for growth and stability.
February 7, 2014-- Ongoing regional tensions, together with a challenging external environment, have hit the economies of the Middle East and North Africa (MENA) region hard. Economic growth is slowing, fiscal buffers are depleting, unemployment is rising, and inflation is mounting in seven transition countries in the region.
Long overdue reforms, that could help spur growth and create jobs, have continued to be delayed to avoid further social and political discontent. The World Bank Group’s latest Quarterly Economic Brief argues that these countries should seize the opportunity to advance structural reforms needed to break the vicious circle of slow growth and political instability.
view the World Bank MENA Quarterly Economic Brief
Source: World Bank
Saudi market crosses barrier at 8,800
February 6, 2014--The Tadawul All Share Index gained 0.30 per cent to 8,819.31 points on Thursday, February 6.
Market bellwether SABIC closed unchanged at SAR111.25. Islamic bank Alinma was the most liquid stock, edging up by 0.87 per cent to SAR17.45.
Source: AME Info
Bahrain bourse on a steady rise
February 6, 2014--On Thursday, February 6, the Bahrain All Share Index continued to expand one of its best starts into a new year since the Arab Spring hit the country.
Islamic Bank Al Baraka surged by 3.70 per cent to $0.84. Since January 1, the market gauge advanced by 4.43 per cent. Its rival Al Salam Bahrain...
Source: AME Info
Qatar Electricity and Water Company gains despite lower net profit
February 6, 2014--The QE 20 Index climbed 0.52 per cent to 11,192.21 points on Thursday, February 6.
Qatar Electricity and Water (QEW) Company added 0.33 per cent, finishing at QAR181.60. Earlier in the day, QEW disclosed the financial statements for the year, ending December 31, 2013. The financials revealed a net profit of QAR1.38 billion in 2013...
Source: AME Info
Green Crescent Insurance falls as CEO resigns
February 6, 2014--The Abu Dhabi market index ADXGI gained for the second day straight, closing 0.71 per cent higher at 4,721.72 points on Thursday, February 6.
It was driven by gains in the banking and industrial segment. Union National Bank surged 4.70 per cent to AED6.70. Arkan Building Materials edged up by 14.67 per cent, near limit
Source: AME Info
If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.
