Middle East ETF News Older than One Year
Mideast Stocks: Earnings aid Saudi, real estate hurts Egypt
April 23, 2019--Saudi Arabia's stock market rose on Tuesday, lifted by a slew of corporate announcements, while Egypt's blue-chip index was pulled down by its real estate shares.
Saudi Arabia's index added 0.4 percent, with Riyad Bank climbing 3.6 percent to reach its highest since May 2006. The lender posted a 44.7 percent increase in first quarter net profit. view more
Source: Zawya
Mideast Stocks: Lender FAB leads Abu Dhabi higher, petchems weigh on Saudi
April 22, 2019--Abu Dhabi's stock market closed higher for the fourth straight session on Monday, aided by its largest lender First Abu Dhabi Bank, while petrochemical stocks pulled the Saudi market down.
The Abu Dhabi index rose 0.8 percent, led by a 1.8 percent increase in First Abu Dhabi Bank (FAB).
Source: Zawya.com
Mideast Stocks: Abu Dhabi hits 13-year high, most Gulf markets rise
April 18, 2019--Abu Dhabi's stock market rose sharply on Thursday to reach its highest level in more than 13 years, partly lifted by top lender First Abu Dhabi Bank which has gained this week after regulatory approval to raise foreign ownership limit of its shares.
Source: Zawya.com
Mideast Stocks: Bank earnings boost Qatar, most Gulf markets slip
April 18, 2019--Qatar's index was up 0.2% with Qatar Islamic Bank increasing 1.4%
Qatar's stock market rose on Thursday, partly lifted by strong first-quarter earnings from two banks, while most major Middle Eastern markets declined.
Source: Zawya.com
Mideast Stocks: Oil lifts most of Gulf, top lender weighs on Egypt
April 17, 2019--Mideast Stocks: Oil lifts most of Gulf, top lender weighs on Egypt.
Source: Zawya.com
Mideast Stocks: Banks lead Saudi higher, while Egyptian shares see sell-off
April 16, 2019-- Saudi Arabia's stock market rose on Tuesday as most of its banks gained, while a wide sell-off pulled down Egypt's blue-chip share index.
Saudi Arabia's index was up 0.6 percent with Saudi Arabian Mining adding 3.8 percent and Alinma Bank gaining 3 percent.
Source: Zawya.com
Mideast Stocks: Abu Dhabi hits near 5-year-high, petchems lift Saudi
April 15, 2019--Abu Dhabi's stock market rose to a near five-year high on Monday, lifted by First Abu Dhabi Bank, while petrochemical stocks led gains on Saudi Arabia's main index.
The Abu Dhabi index was up 0.9 percent after hitting its highest since May 2014. view more
Source: Zawya.com
Abu Dhabi outperforms on FAB's foreign ownership limit increase
April 14, 2019--Abu Dhabi stocks climbed
Foreigners will be allowed to own as much as 40 percent of FAB stock from a previous limit of 25 percent, lifting FAB shares by as much as 4.6 percent.
Foreigners will be allowed to own as much as 40 percent of FAB stock from a previous limit of 25 percent, lifting FAB shares by as much as 4.6 percent.
Source: Zawya.com
Mideast Stocks-Abu Dhabi outperforms on FAB's foreign ownership limit increase
April 14, 2019--Abu Dhabi stocks climbed over 2 percent early on Sunday, outperforming other Gulf bourses, as First Abu Dhabi Bank (FAB) surged to a more than two-month high after it obtained regulatory approval to increase its foreign ownership limit.
Foreigners will be allowed to own as much as 40 percent of FAB stock from a previous limit of 25 percent, lifting FAB shares by as much as 4.6 percent. view more
Source: Zawya.com
Aramco-Sabic deal leads to huge spike in MENA M&A volume
April 11, 2018--Saudi Aramco's $69.1 billion acquisition of the 70 percent stake in Saudi Basic Industries from the government's Public Investment Fund led to a massive hike in merger and acquisitions (M&A) volumes involving Middle East and North African (MENA) companies in the first quarter of 2019, according to Refinitiv data.
Source: Zawya.com
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