Middle East ETF News Older than One Year
DP World, Depa Ltd. gain at NASDAQ Dubai
December 08, 2011--The FTSE NASDAQ Dubai UAE 20 Index closed at 1468.880 today, up 11.340, or 0.78%, from the previous close.
Maritime port operator DP World gained 1.64% to reach $10.55. DP World-shares stabilised this week after the company announced on its intention to expand flagship port Jebel Ali in the UAE by creating an additional 4 million TEU (twenty-foot equivalent unit)capacity, resulting in total capacity at Jebel Ali reaching 19 million TEU by 2014. Jebel Ali is currently operating 14 million TEU, with an additional 1 million TEU becoming operational in 2012. This further addition of 4 million TEU will take total capacity to 19 million TEU. "DP World will be investing around $850m over three years adapting 1,860 metres of quayside and 70 hectares of yard from an existing general cargo berth into a new container terminal within the existing container port," DP World said in a e-mailed statement. While jewelry trade Damas ended flat, interior designer Depa Ltd. jumped 4.82% to reach $0.435.
Source: AME Info
Dubai market adds a quarter per cent
December 07, 2011--Emaar rebounded 1.50% to reach Dhs2.76.
Claims by the Dubai Holding arm it will be able to repay a $500m bond on time, helped the market sentiment. The UAE's largest bank Emirates NBD declined 1.50%. closing at Dhs3.25. Some 48.9m shares were traded, valued at Dhs62.7m.
Source: AME Info
Aldar, Dana Gas close flat in lacklustre Abu Dhabi trading
December 07, 2011--The ADX General Index ended down 0.32% Wednesday, closing at 2,443.08. Gulf Cement Company surged 2.60% to reach Dhs079.
Eshraq Properties plummeted 3.70% to Dhs0.27. Trading volumes remained unbelievably low, as21.5m shares were traded, valued at Dhs35.6m.
Source: AME Info
Qatar bourse defends its year-to-date advance
December 07, 2011--The Qatar Exchange gained 0.34%, reaching 8,779.20, as shares advanced across the board. Qatar Islamic Bank added 1.43% as the deadline for conventional to give up
their Islamic window approaches. General Insurance jumped 7.82%, finishing at QR51. Year-to-date, the QE Index advanced by 1.12%.
Source: AME Info
Bahrain Bourse stabilises on a low level
December 07, 2011--The Bahrain All Share Index (BASI) in Manama gained 0.10% to close at . Shares of Aluminium Bahrain, known as Alba, posted the largest advance, ending 0.90% higher at BD0.555. Bahrain Telecom or Batelco declined half a per cent to BD0.392. Year-to-date the BASI has lost a fith of its value.
Bahrain still suffers from the unrest in February/March, but the government has taken steps to ease tensions and to punish those security personel which are responsible for killings of demonstrators. Only a quarter of Bahrain's hotel rooms are occupied.
Source: AME Info
Petrochem advances, completes polymers construction work
December 07, 2011--The Saudi Arabian Tadawul market advanced half a per cent Wednesday, closing at 6,251.92 points. Sabic surged to SR96.50 (up 0.78%). Sabic's competitor National Petrochemical Company (gaining 0.62% at SR22.15) or Petrochem announced today its joint venture project, the Saudi Polymers Company,
has finalized all construction work. "This project which is located in Jubail Industrial City, is owned 65% by Petrochem and 35% by Arabian Chevron Phillips Petrochemical Company Limited," Petrochem said in a statement. Production in the plant is expected to commence in the first quarter of 2012.
Soiurce: AME Info
Bahrain Bourse stabilises on a low level
December 07, 2011--The Bahrain All Share Index (BASI) in Manama gained 0.10% to close at . Shares of Aluminium Bahrain, known as Alba, posted the largest advance, ending 0.90% higher at BD0.555.
Bahrain Telecom or Batelco declined half a per cent to BD0.392. Year-to-date the BASI has lost a fith of its value. Bahrain still suffers from the unrest in February/March, but the government has taken steps to ease tensions and to punish those security personel which are responsible for killings of demonstrators. Only a quarter of Bahrain's hotel rooms are occupied.
Source: AME Info
Abu Dhabi National Energy gains on bond issuances
December 06, 2011--The Abu Dhabi bourse ADX declined 0.80%, closing at 2,450.96 points. Aldar Properties dipped one per cent to Dhs0.99.
Shares of Abu Dhabi National Energy or Taqa advanced by 0.83% to reach Dhs1.21. Earlier in the day Taqa said it has finalized the issuance of 10-year $750m, 4.125% senior notes and 10-year $750m senior notes with a 5.875%.
Source: AME Info
Dubai stock market forced back to 1,382 points
December 06, 2011--The DFM General Index lost 1.18% Tuesday. Emaar plummeted 3.55% to Dhs2.72. Gulf General Investment Company gained the most, ending 4.55% to reach Dhs0.23.
Construction and maintenance company Drake and Scull International (DSI) ended 1.70% lower at Dhs0.81. Earlier in the day DSI said it signed today a Dhs352m contract to execute a commercial development project in Riyadh which takes the total value of awarded projects in Saudi to Dhs2.4bn year to date.
Source: AME Info
Qatar Exchange declined 0.36% to 8,749.54 points
December 06, 2011--The Qatar Market remained in a stutter mode Tuesday, as investors booked profits in bank and industry shares.
Qatar National Bank declined 1.12% to QR150.30. Islamic Insurance bucked the trend and gained one per cent to reach QR61.20
Source: AME Info
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