Middle East ETF News Older than One Year
MSM stays range bound on cautious trading
October 30, 2013--Regional markets ended mixed while limited participation from cautious investors saw another day of range bound trading on the Muscat Securities Market, as the general index inched up 0.11 per cent before closing at 6,663.72.
Trading activity fell below Tuesday's levels as a total of 1,900 trades were executed for the day, generating a turnover of RO9.72mn, while 33.58mn shares were exchanged over the counters. Market breadth stood in favour of advancers as of the 52 securities traded for the day 19 advanced while nine declined and 24 stocks remained unchanged.
Source: Zawya
KSE index gains, inches closer to 8,000 mark
October 30, 2013--Kuwait Stocks closed up Tuesday inching closer to the 8,000 mark with a 0.2% change.
The index climbed to 7,954.9 points. A total of 318.4 million shares changed hands. The market began with a dip Tuesday, as profit bookings continued from previous days' selling sentiments.
Source: Zaywa
Saudi retail stocks prolong slide
October 30, 2013--The Saudi stock market continued its downward momentum and fell for a third consecutive session Tuesday.
Saudi Arabia's benchmark stock index (TASI) tumbling more than one percent and trimming back the 8,000-mark finished at 7,972.59 points.
Source: Zawya
UAE shares fall on profit-taking
October 29, 2013--UAE shares failed to hold on to its rally on Monday as investors booked profits.
Dubai's DFM index fell 0.38 per cent to 2912.83 points, after touching a five-year high on Sunday.
The index hit an intraday high of 2935 points and a low of 2902.38 points on Monday.
Source: Gulfnews.com
Small caps back in favour as MSM closes flat
October 29, 2013--Small caps gained investor interest as trading activity improved significantly on the Muscat bourse while the general index traded range bound before closing at 6,656.40.
A total of 2,374 trades were executed for the day generating a turnover of RO13.58mn while 51.40mn shares were exchanged over the counters. Market breadth stood in favour of advancers as of the 54 securities traded for the day 20 advanced while eight declined and 26 stocks stood unchanged.
Source: Zawya
Small caps back in favour as MSM closes flat
October 29, 2013--Small caps gained investor interest as trading activity improved significantly on the Muscat bourse while the general index traded range bound before closing at 6,656.40.
A total of 2,374 trades were executed for the day generating a turnover of RO13.58mn while 51.40mn shares were exchanged over the counters. Market breadth stood in favour of advancers as of the 54 securities traded for the day 20 advanced while eight declined and 26 stocks stood unchanged. view more
Source: Zaywa
Retail stocks tumble 2.34%
October 29, 2013--Saudi Arabia's benchmark Tadawul All-Share Index (TASI) passed through a lean session Monday, shedding more than 66 points.
The index fell to 8,059.21 points, showing a further reduction of 0.81 percent for the entire day. It plunged to a maximum 80 points from the level of opening bell yesterday. On year-to-date basis, it showed a yield of 18.5 percent.
Source: Arab News
Qatar Exchange Roundup: Results fail to lift QE index
October 27, 2013-The week witnessed the disclosure of 14 listed companies of their results for the nine months, which showed a decline in the profits of Industries Qatar (IQ), Qatar Islamic Bank (QIB), Doha Insurance and QCFS. Doha Bank and National Cement (QNCD) showed stability in their profits.
Eight companies recorded an increase in profits, notably Qatar Insurance and Gulf International, Medicare (MCGS) and Salam International (SIIS), as General Insurance showed big jump in its profits due to the increase in fair value of investment in real estates.
Source: The Pennisula
Emaar spurs Dubai shares to five-year high
October 27, 2013--Rally in Emaar shares lifted the index to close at five-year high on Sunday after the real estate developer reported more than 50 per cent jump in third-quarter profit on Thursday.
The DFM General Index rose by 0.48 per cent to 2923.98 points, highest since November 2008, and during the intraday trade it hit a high of 2952.645 points. The index hit 2955.11 on November 2, 2008
Source: Arab News
Deloitte: Over 70% of MENA equity market leaders expect increased volume of IPOs in the GCC region
October 26, 2013-- Whilst the regional and international equity markets have generally been depressed post global financial crisis, early signs of recovery are appearing with higher volumes being traded on some of the regional exchanges, and more interest from foreign investors. On the other side, the GCC economies are showing positive signs of recovery across a multitude of sectors, including retail, tourism, real estate and infrastructure.
According to Deloitte Middle East's first "Equity Capital Markets Confidence Survey, "From a trot to a canter?", the Tadawul (Saudi Stock Exchange), the Dubai Financial Market (DFM) and the Qatar Exchange (QE) are expected to be the most active GCC exchanges over the next 12 months, and there is a strong pipeline of issuers looking to launch IPOs regionally as well as on international stock exchanges.
view the Deloitte GCC Equity Capital Markets confidence survey From a trot to a canter?
Source: Deloitte:
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