Middle East ETF News Older than One Year
DFM index decline the first time in six days
December 4, 2013--UAE markets ended mixed on Wednesday, with the Dubai benchmark index dropping for the first time in six days amid investors waiting on the sidelines for more opportune levels to enter.
Both volume and turnover of the market decreased yesterday. The turnover declined to Dh619.06 million from the previous session’s Dh937.75 million. The total volume of shares traded also fell from 750.91 million to 540.15 million. Of the 32 stocks traded, 18 advanced, 12 retreated and two remained flat.
Source: Zawya
UAE markets close higher, escaping profit-taking anchor
December 2, 2013--Dubai shares saw some volatile trading on Tuesday but the benchmark index managed to advance, even as the majority of stocks traded ended in negative territory.
Investors booked profits on selective stocks that had witnessed gains in past few weeks in the run up to the decision on Expo 2020 last week, which went in favour of the emirate.
Source: Zawya
UAE shares gain as investors remain bullish after Expo win
December 2, 2013--UAE's stock measures gained on Monday as investors remained bullish after last week's Expo win, which brought to Dubai the rights to host the event in 2020.
Monday's increase comes on the back of Thursday's high-volume trading, which saw Dubai's stock index receding after reaching an intraday high of 3,020 to finally end at 2,946. Markets were closed on Sunday on account of UAE's 42nd National Day.
Source: Gulf News
Transport sector index crosses 6,000-mark
November 29, 2013--Saudi Arabia's benchmark Tadawul All-Share Index (TASI) finished to the upside at 8,325.28 points Thursday, adding 24.63 points further or 0.30 percent.
While curving in the upward territory throughout the day it rose to a maximum gain of 53.8 points. TASI also logged a healthy YTD return of 22.41 percent. All market cap indices ended the day in the green district. Most of the major sectors closed in the green territory, accumulating an aggregate of nearly 510 points.
Source: Zawya
QE sustains bull run on continued buy interests
November 28, 2013--Buying interests--especially in transport, telecom and consumer goods --yesterday extended the bullish momentum on the Qatar Exchange for the second day.
Domestic institutions continued to be net buyers but with lesser vigour as the 20-stock Qatar Index (based on price data) gained 0.21% to 10,375.06 points. The market, which is up 24.12% year-to-date, yesterday witnessed losers outnumbering gainers. The key index has been remaining above the 10,000 mark since November 11. Local retail investors were seen to extend buying support, resulting in their reduced net selling.
Source: Zawya
Dubai shares jump after Expo win
November 28, 2013--Dubai's shares gained on Thursday after the emirate won the right to host the World Expo in 2020, although the surge of more than four per cent in early trading was short-lived.
At close, Dubai Financial Market General Index advanced 1.62 per cent to 2945.91, on the hopes that the win may drive real estate and construction stocks higher and boost the economy.
Source: Zawya
Gulf mostly declines, Dubai up before expo decision
November 27, 2013--Most Gulf bourses declined yesterday in a wave of profit-taking triggered partly by oil's temporary weakness in the aftermath of the world powers' nuclear deal with Iran.
The main stock index in Saudi Arabia, the world's biggest oil exporter, shed 0.6% yesterday. Dubai, however, rose 0.6% as investors made last-minute bets on its bid to host the Expo 2020 world fair. The winning bid is to be announced after the close today.
Source: Zawya
Saudi Arabia's Dar Al Arkan raises $300 million through sukuk
November 26, 2013--Today, the Tadawul All Share Index closed unchanged at 8,337.78 points. Dar Al Arkan Real Estate Development Company gained one per cent, hitting SR10.05.
Earlier in the day, Dar Al Arkan announced the successful closing of the second Islamic bond (sukuk) tranche under its International Islamic Sukuk Programme, raising SR1.1 billion ($300 million). The order book for the second tranche was opened on Tuesday, Nov. 19 2013 and closed yesterday afternoon, November 20, 2013.
Source: AME Info
UAE indices rise moderately
November 26, 2013--UAE shares rose continued to trade sideways as Dubai's stock benchmark index rose moderately and Abu Dhabi's measure remained flat. Investors remained cautious a day before the Expo 2020 decision on Wednesday.
The Dubai Financial Market General Index rose 0.56 per cent to close at 2884.53. The total number of shares traded stood at 279.91 million that were worth Dh481.51 million. Of the 29 stocks traded, 16 advanced, 11 declined and two remained unchanged.
Source: Zawya
UAE shares decline as investors sit on sidelines
November 26, 2013--Majority of shares dropped on Monday amid declining volumes as investors continued to remain on the sidelines ahead of Wednesday's Expo 2020 decision, in which Dubai is a candidate city.
Trading volumes in Dubai stock exchange fell to 261.02 million shares from Sunday's 428.35 million and turnover was down 39.89 per cent to Dh406.73 million.
Source: Zawya
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