Middle East ETF News Older than One Year
Lackluster Bahrain Bourse ends Monday trading flat
August 26, 2013--The Manama-based Bahrain All-Share Index closed insignificantly higher at 1,201.10 points.
Khaleeji Commercial Bank posted the largest increase, ending up 4%. Inovest dived 7.58%. The Bank of Bahrain and Kuwait, better known as BBK, close even. Earlier in the day, BBK announced that it has renewed and expanded its partnership with American Express Middle East, which covers American Express bill settlements through BBK's Internet Retail Banking channel and BBK Branch network.
Source: AME Info
Politics delay link between Egyptian, Turkish bourses
August 25, 2013--Sherif Sami, the chairman of Egypt's Financial Supervisory Authority (FSA) has said political developments will delay the implementation of a linking of the Egyptian Stock market and Borsa Istanbul, Daily News Egypt has reported.
The Egyptian Exchange EGX and Borsa Istanbul signed a memorandum of understanding on June 26, 2012 to develop a framework of connectivity between the two markets. [AMEInfo.com]
Source: AME Info
Qatar bourse rises by 0.44% to 10,109.50
August 23, 2013--Banks lifted Qatari bourse to a near five year high as the benchmark index rose 0.44% to advance to 10,109.50 yesterday.
Qatar International Islamic Bank (QIIB) rose 4.56% and Qatar Islamic Bank (QIB) was up 2.36%.
Source: AME Info
Bahraini bank shares keep Manama market afloat
August 22, 2013--The Bahrain All-Share Index closed 0.26% higher at 1,202.99 points on Thursday amid muted trading.
Only three shares gained, while no listed security lost value. Islami Bank Al Salam Bahrain (up), Bank of Bahrain and Kuwait and Ahli United Bank gained 2%, 0.98% and 0.72%, respectively.
Source: AME Info
EGX: Connectivity project with Borsa Istanbul delayed on political developments
August 22, 2013--The Egyptian Exchange (EGX) and Borsa Istanbul signed a memorandum of understanding on June 26, 2012 as to develop a framework of connectivity between the two markets. Both exchanges have duly embarked on the connectivity project and recently finalized its technical components.
Market readiness, however, is a pending issue since brokers from each side need to commit resources through bilateral agreements. A site visit in due respect was organized in Cairo to ensure interaction among the brokers
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Source: Mubasher.info
Resources boost JSE
Resources were leading the charge, with Kumba Iron Ore (+2.73% at R450.97), African Rainbow Minerals (+2.69% at R191) and Amplats (+2.53% at R416.06) among the top gainers.
Source: AME Info
Saudi bourse to open to foreigners
Hopes have been raised and dashed several times over the last few years. While the Saudi government has long considered the reform and has been making technical preparations, it has never set a date for opening the market.
Source: AME Info
Saudi bourse dips amid muted trading
As many Saudi families are still on their annual leave during the ultra-hot summer months in the kingdom, trading turnover was low. Sabic closed unchanged at SR99. Jazira Takaful jumped 10% to SR66. Wafa Insurance lost the most, finishing the week 3.30% lower at SR80.50.
Source: AME Info
Qatar bourse shaves 10,100 points, lenders advance
Banks were once again on the top of the buying list, with Qaatar Islamic, CBQ and International Islamic Bank advancing 2.36%, 0.43% and 4.56%, respectively. Zad Holding Co. declined by 1.78% to QR66.40. Doha Bank added 0.18% to reach QR55.90. Earlier in the day, the lender announced that its wholly owned subsidiary, Doha Bank Assurance Company LLC (DBAC), has been affirmed Counterparty Credit and Insurer Financial Strength Rating of BBB with a Stable Outlook, by Standard and Poor's (S&P). Dr. Raghavan Seetharaman, Doha Bank Group CEO said, "We are very pleased that S&P continues to recognize the performance of Doha Bank Assurance Company and its unchanged rating constitutes an independent assessment and encouragement of our ongoing progress."
Source: AME Info
Abu Dhabi market index eyes 4,000 points
Shares of Aldar Properties rebounded by 0.70% to reach Dhs2.86. RAK Bank and Abu Dhabi Commercial Bank advanced by 7.14% and 2.51%, respectively. Trading volumes have remained low as only 105m stocks were traded, valued at Dhs165.3m.
Source: AME Info
August 22, 2013--The JSE was trading against the downward emerging market trend, with the Top 40 gaining 0.43% at 38 550 just after lunch on Thursday.
August 22, 2013--A long-awaited opening of Saudi Arabia's stock market to direct foreign investment appears near, industry executives and fund managers say-a reform that could give equity investment in the Gulf its biggest boost for years.
August 22, 2013--The Tadawul All-Share Index closed down 0.27% at 8,192.39 points on Thursday.
August 22, 2013--The QE 20 Index closed 0.44% higher at 10,109.50 points on Thursday, a near 5-year high.
August 22, 213--The ADX General Index gained 0.72% to reach 3,949.26 points, With only three shares ending in the red, the gauge reached the highest level since Sep. 21 2008, six days after Lehman Brothers filed for bankruptcy under chapter 11.
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