Middle East ETF News Older than One Year
Investor's hail Emaar upgrade
February 6, 2014--The Dubai Financial General Index DFMGI closed 1.26 per cent higher at 3,928.45 points on Thursday, February 6.
Market bellwether Emaar Properties jumped by 4.67 per cent to AED8.30. Earlier in the day, Emaar said that the rating upgrade to BBB- from BB+ by Standard and Poor's reflected the developer's "sound performance of Emaar's shopping...
Source: AME Info
DGCX records robust start to 2014
February 6, 2014--January volumes up 36% from last month, registering 1,043,200 contracts
Currencies register month-on-month increase of 37%
Sensex Futures grow 91% to reach 14,913 contracts
The Dubai Gold & Commodities Exchange (DGCX) recorded a robust start to the year, with a total of 1,043,200 contracts traded in January, an increase of 36% over December 2013.
Source: DGCX
Broadband Networks in the Middle East and North Africa: Accelerating High-Speed Internet Access
February 6, 2014--The demand for widespread access to broadband internet, a key driver of economic growth, job creation, and social inclusion, has never been greater in the Arab world.
This report, "Broadband Networks in MENA: Accelerating High-Speed Internet Access', takes stock of the existing infrastructure in at least 18 countries, and examines the various regulatory and market bottlenecks that are hampering the growth of the Internet in the region.
Source: World Bank
Qassim Cement rides high on Saudi construction bonanza
February 5, 2014--The Tadawul All Share Index gained 0.27 per cent to 8,792.80 points on Wednesday, February 5.
Qassim Cement jumped by 2.50 per cent, hitting SAR92.25. Earlier in the day, Qassim says it generated a net income of SAR585 million ($157.95m) in 2013, up by 4.30 per cent year on year. Qassim claims that the profit...
Source: AME Info
Kuwait bourse remains in stutter mode
February 5, 2014--The KSE Market Index failed to follow the general positive mood on GCC trading floors on Wednesday, February 5, slipping 7.57 points to 7,802.98. Zima Holding gained the most, ending up by 6.41 per cent to KD0.166.
Kuwait Finance House edged up by KD0.10, reaching KD0.830. National Bank of Kuwait lost 1.06 per cent to...
Source: AME Info
Qatar's retailer Al Meera dips, cancels MoU
February 5, 2014--The Qatar Exchange 20 Index gained 0.77 per cent, reaching 11,134.70 points on Wednesday, February 5 amid tailwind from East Asia, where market indices recovered slightly.
Qatar National Bank, the biggest lender in the GCC by assets, ended up by 0.50 per cent to QAR180. Al Meera Consumer Goods declined by 0.54 per cent to...
Source: AME Info
ADIB is the share of the day at Abu Dhabi bourse
February 5, 2014--The Abu Dhabi market index ADXGI rebounded by 0.60 per cent to hit 4,689.20 points on Wednesday, February 5.
Abu Dhabi Islamic Bank (ADIB) jumped by 6.25 per cent to AED7.65. Earlier in the day, the bank said group net profit for 2013 increased by 20.7 per cent to AED1,450.2 million, after taking credit provisions
Source: AME Info
UPP is up as market's top gainer
February 5, 2014--The Dubai Financial General Index DFMGI closed 1.65 per cent higher at 3,875.13 points on Wednesday, February 5.
Union Properties (UPP) jumped as the top gainer by 9.82 per cent to AED1.79. Earlier in the week, UPP said that it generated a net profit of AED1.579 ($430.597) in 2013, an eight-fold increase over 2012.
Source: AME Info
Merger due diligence concluded for DFM, ADX: report
February 5, 2014--The emirates of Abu Dhabi and Dubai have completed due diligence on a potential merger of the their two stock markets, bringing the combination a step closer, Bloomberg has reported, citing two people familiar with the matter.
The merger would come after the exchanges failed to attract local listings in 2013 and would create the ...
Source: AME Info
DP World gains on HSBC UAE PMI report
February 4, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 0.31 per cent higher at 3,723.23 on Tuesday, February 4.
Dubai Ports (DP) World surged by 1.11 per cent to $18. Earlier in the day, bank HSBC said that the headline purchasing managers index fell slightly from December's 57.4 to 57.1 in January, signalling a further improvement ...
Source: AME Info
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