Middle East ETF News Older than One Year
DP World shares continue to trade in yo-yo mode
August 30, 2012--The FTSE NASDAQ Dubai UAE 20 Index closed at 1653.30, off 0.73%, from the previous close.
DP World failed to extend the rebound from Wednesday which happened as a reaction on positive half-year results. DP World fell Thursday back to $10.20 (off 1.10%).
Source: AME Info
Dubai market fails to find ground
August 30, 2012--The DFM General Index fell half a percentage point to 1,547.82 points Thursday.
During the last week of August, the gauge lost 2.5% as investors started to cash in on the summer rally. EFG Hermes correctly anticipated that "some sideways trading is still expected around that index suport zone of 1,540 - 1,530 before a reliable rebound occurs." Emaar fell 0.90% today, while Takaful Emarat gained the most (up 5.41%).
Source: AME Info
Lenders lift Bahrain Bourse
August 30, 2012--The Bahrain All-Share Index posted the largest increase in the GCC Thursday, advancing 0.80% to reach 1,086.32 points.
National Bank of Bahrain (NBB) soared six percent to hit BD0.535. Bank of Bahrain and Kuwait or BBK hit a one-month high at BD0.40 (4.71% higher). Islamic investment bank Ithmaar dived 2.94% to $0.165. [AMEInfo.com]
Source: AME Info
Kingdom Holding Company shares soar, hit five-year high
August 29, 2012--The Tadawul All-Share Index added a tiny 0.02% to hit 7,139.01 points, ending flat for the second day straight.
Shares of Kingdom Holding Co. or KHC, the investment vehicle and company portfolio of H. H. Saudi Prince Al Waleed Bin Talal, jumped 9.84% to hit SR13.40, the highest valutation since August 2008. A week ago, KHC reported a net income for the second quarter was SR178.9m compared to the net income of SR163.5m for the same quarter in 2011, representing an increase of 9.4%, and compared to the net income for the last quarter of SR100.8m, representing an increase of 77.5%. KHC said "The increase in net income for the second quarter is due to an increase in income from investments, an increase in dividends received, and a reversal of impairment loss, despite the slight decrease in income from investments and international hotel companies as a result of current events in the Middle East."
Source: AME Info
DP World shares gain on half-year results
August 29, 2012--The FTSE NASDAQ Dubai UAE 20 Index closed at 1665.41, uo 0.66%, from the previous close.
DP World gained 1.10% to hit $10.31. Earlier in the day, the world's third largest port operator said in the first six months the net profit attributable to owners of the company was $247m, up 0.4% year-on-year. Revenues climbed 1.8% to reach $1.529bn.
Source: AME Info
Abu Dhabi blue chips, market index finish flat
August 29, 2012--The ADX General Index closed up 0.03% at 2,574.80 points Wednesday. Telecom
giant Etisalat, Aldar Properties and First Gulf Bank closed likewise unchanged. Some 27m shares were traded, valued at Dhs52.1m.
Source: AME Info
Kuwait's Agility lures new contract from UK Ministry of Defence
August 29, 2012--The KSE Market Index gained for the third day straight, closing up half a percentage point at 5,866.64 points.
Shares of logistics firm Agility closed unchanged at KD0.420. Earlier in the day, the firm said the UK Ministry of Defence has awarded Agility's subsidiary its subsidiary Agility Defence and Government Services UK a 27-month contract worth an estimated 15 million U. S. dollars in revenues to handle non-military equipment used by UK forces in Afghanistan. Work is scheduled to begin in September at Camp Bastion in Afghanistan's Helmand Province.
Source: AME Info
Dubai bourse bounces back on real estate shares advances
August 29, 2012--The DFM General Index gained 0.66% to reach 1,555.66 points due to positive input form Asian markets which gained on Wednesday ahead of Fed chief Ben Bernanke's long awaited speech at the central bankers' meeting in Jackson Hole.
Emaar Properties added1.21% to reach Dhs3.34. Bank Emirates NBD advanced 1.33%, ending at Dhs3.04. Investment bank Shuaa Capital lost the most (off 3.37% at Dhs0.62). Trading volumes fel by half as 80m shares worth Dhs92m.
Source: AME Info
Aldrees Petroleum soars on joint venture with ENOC
August 28, 2012--The Saudi stock market closed flat at 7,137.81 points Tuesday.
Market bellwether Sabic, the world's largest petrochemicals producer, closed likewise unchanged at SR92.50. Shares of Aldrees Petroleum & Transport Services Co. surged 4.21% to hit SR37.10. Earlier in the day, Aldrees and Emirates National Oil Company (ENOC) said they entered into a joint venture in order to set up a common network of 40 jointly operated petrol stations throughout Saudi Arabia. Both firms invest together SR45m. Aldrees already operates 450 petrol filling stations in the kingdom. ENOC, owned by the Dubai government, will bring in its experience in running retail businesses such as convenience stores and repair garages adjacent to the petrol stations.
Source: AME Info
DP World shares remain stuck at $10.20
August 28, 2012--The FTSE NASDAQ Dubai UAE 20 Index closed at 1654.51 Tuesday, off 1.45% from the previous close.
The gauge tracks 20 liquid stocks listed on DFM, the Abu Dhabi Securities Exchange and NASDAQ Dubai. It has been designed as a hedging and investment mechanism for GCC and international investors. Shares of global maritime port operator DP World ended even for the second day straight, at $10.20. DP World will publish half-year financial results on August 29. On August 1 DP World said container volumes handles at its ports rose 7.5% in the first six months of 2012.
Source: AME Info
If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.
