Middle East ETF News Older than One Year
UAE stocks end mixed
November 5, 2013--UAE stocks had a mixed day on Tuesday with the capital's benchmark ending the day in positive territory and Dubai declining for the second straight day amid continuing lower volumes.
The Dubai Financial Market General Index closed 0.31 per cent lower at 2902.62. The total number of shares exchanging hands were 252.68 million, which were worth Dh379.15 million, a drop of 35.79 per cent from the previous session.
Source: Zawya
DFM announces Q3 net profit of Dh82.8m
November 5, 2013--Dubai Financial Market, the region's only listed bourse, reported on Monday its 2013 third quarter net profit to be Dh82.8 million, compared to a net loss of Dh1.7 million during the same period last year.
During the first nine months of the year, its net profit is up by 361 per cent to Dh179.3 million amid soaring trading value, which has been a combined result of higher volumes and capital appreciation.
Source: Zawya
Saudi stock index rises in dull trading
November 5, 2013--Saudi stock benchmark Tadawul All Share Index ticked up 0.2 percent in dull trading.
Investors were cautious as the government began a crackdown on illegal immigrant after amnesty expiration.
Source: Zawya
Qatar Index gains 0.46% on foreign institutions' buying support
November 5, 2013--Industrials, banking and transport equities yesterday infused the bullish momentum to the Qatar Exchange.
Foreign institutions' robust buying support led the 20-stock Qatar Index (based on price data) to gain 0.46% to 9,841.3 points.
However, local retail investors were less inclined towards buying in the market, which is up 17.73% year-to-date.
Source: Zawya
Tadawul: Transport companies stay in limelight
November 5, 2013--The Saudi stock market continued its upward march and managed a fourth straight rise Monday, showing a balmy gain of 0.17 percent.
Saudi Arabia's benchmark Tadawul All-Share Index (TASI) wavering along the break-even line within a low range of 24.4 points ended nearly 13.8 points higher to 8,073.97.
On year-to-date basis, it showed a yield of 18.71 percent.
The market cap indices closed the day in mixed territories.
Most of the sector indices ended positively, with nine sectors showing a collection over 980 points.
Source: Zawya
Tadawul share value plunges 26.8% in Oct
November 4, 2013--The value of shares traded on Tadawul stock market reached SR83.75 billion 1.50 million transactions executed during October 2013.
At the end of October 2013, Tadawul All Share Index (TASI) closed at a level of 8,044.47, gained 79.56 points (1 percent) over the close of the previous month. On an YTD basis, TASI registered a positive increase of 18.28 percent (1,243.25 points). Highest close level for the index during the month was 8,170.75 as on Oct. 24.
Source: Zawya
Share of petchem sector falls 30%
November 4, 2013--Share of petrochemical sector dropped to 30 percent of the overall profits achieved by the listed firms in Q3, 2013, according to a financial report.
Profits of the listed companies grew by 11 percent to hit SR30 billion in Q3 compared to SR27 billion in the same period last year.
According to the report, prepared by Al-Eqtisadiah daily, the share of petrochemical sector stood at 34 percent of SR26.9 billion profits achieved by the listed companies in Q3, 2012.
Source: Zawya
Positive global equities inspire MSM
November 3, 2013--US and Asian markets closed on a positive note last week following better-than-expected US and Chinese manufacturing data.
And the Muscat Securities Market general index traced the global equity market strength and edged higher by 0.26 per cent before closing at 6,691.63 on Sunday.
Trading activity improved from last week's closing as a total of 2,077 trades were executed, generating a turnover of RO9.33mn, while 34.92mn shares were exchanged over the counters. Market breadth stood in favour of advancers as of the 46 securities traded for the day 22 advanced while four declined and 20 stocks remained unchanged.
Source: Zawya
Qatar Exchange Roundup: QE rebounds, index back to pre-Eid vacation levels
November 3, 2013--Supported by blue chip stocks, Qatar Exchange's ( QE ) market capitalisation increased by QR10.6bn to QR533.1bn last week.
Total trade dropped by 3.3 percent to QR1.45bn, with the presence of special deals between more than one company.
The benchmark index rose by 185 points, up1.92 percent to reach 9837.5 points. The all-share indexes rose by 43.7 points or 1.80 percent to 2466.7
Source: Zawya
TASE Opens Supersectors
October 30, 2013--In recent years the Tel Aviv Stock Exchange (TASE) has endeavored to realize its high tech vision of developing TASE as an international center for the listing and trading of tech and "biomed" companies.
Some 135 high tech companies currently trade on TASE. As part of the implementation of this strategic vision, TASE industrial classifications have been adjusted to those accepted by index vendors and data disseminators worldwide, facilitating the comparison between markets. In addition, four supersectors have been defined: High Tech; Finance, Real and Financial Instruments. Based on their sectoral classification, TASE-listed companies will be classified according to these supersectors as well.
Source: Tel Aviv Stock Exchange (TASE)
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