Middle East ETF News Older than One Year
Industries Qatar shares gain on 9-month profit surge
October 13, 2011--The QE Index lost a quarter percent to close at 8,396.53. Bank shares in particular weighed on the benchmark.
Year-to-date, the bourse fell three percent, so far the "best" performance among all Mena markets. Shares of Industries Qatar closed 0.88% higher at QR126.10. Earlier in the day, the QE heavyweight, disclosed a net profit of QR6.2bn for the nine months period ended September 30, 2011 in comparison to a net profit of QR4.1bn for the corresponding period last year. The Company’s Earnings per Share (EPS) amounted to QR11.35 for the period ended September 30, 2011 versus QR7.38 for the corresponding period in 2010.
Source: AME Info
Kuwait market ends a good week slightly higher
October 13, 2011--The KSE Market Index added 0.34% to reach 5,867.5 points.
Over the week the benchmark gained 0.71%, mainly through advances in the financial sector. Year-to-date, the KSE has lost 15.64%.
Source: AME Info
DP World stabilises above $11 on record high trading volumes
October 13, 2011--The FTSE NASDAQ Dubai UAE 20 Index closed at 1451.46 today,
0.27% lower from the previous close. Dubai Ports (DP) World finished flat at $11.25. Trading volumes surged to a multi-month high as some 15.08m DPW-shares changed hands. Depa declined 1.11% to $0.445.
Source: AME Info
DFM shares rise on HSBC comments
October 12, 2011--The Dubai Financial Market (DFM) declined 0.30% to 1,383.72 points, as Emirates NBD dived 4.28% to Dhs3.58. Emaar Properties and Aramex finished flat. Arabtec surged 1.54%, endinga at Dhs1.32. DFM shares gained one percent to reach Dhs1.02.
Earlier in the day, The National reported that UK lender HSBC has said trade volumes in the Middle East and North Africa (Mena) are expected to grow by nearly 85% by 2025. Trading volumes declined Wednesday by 30%, as some 62m shares were traded, valued at Dhs47.2m.
Source: Middle East Online
Dana Gas ends flat, named 'MENA's fastest growing company'
October 12, 2011--The ADX General Index declined 0.30% to 2,486.86 points. Sorouh Real Estate was the most liquid share, closing down three percent to Dhs0.98. Sharja-based Dana Gas closed even at Dhs0.52.
Earlier in the day, Dana Gas said in a statement it was named "the Fastest-Growing Company of the Year in the Middle East and North Africa at the 8th International Business Awards. The International Business Awards, also known as The Stevie Awards, is the world's premier business awards competition which last year attracted nominations from more than 40 nations." Some 43m shares were traded, valued at Dhs49.6m.
Source: AME Info
Kuwait Stock Exchange declines slightly
October 12, 2011--The KSE Market Index ended 0.20% lower at 5,847.5 points. International Financial Advisors was the most liquid share, closing at KD0.0425 (off 5.8%). Kuwait Investment Co. posted the highest gain, up nine percent at KD0.120.
The country's largest lender National Bank of Kuwait or NBK added 1.8% to reach KD1.200. Earlier in the day, NBK reported NBK said that its net profit for the thir quarter was of KD78.9m, insignificantly lower compared to the corresponding period last year.
Source: AME Info
Qatar market rises the fourth day straight
October 12, 2011--Qatari shares gained across the board, lifting the QE Index by 0.78% to 8,418.16 points. With today's performance the QE Index improved its year-to-date yield to minus three percent, the best performance among all Arab stock exchanges (as yet).
Doha Bank closed at QR, after the bank reported a net profit for the 9 months period ending 30 September 2011 of QR1.01bnwhich represents a significant increase of 13% versus the corresponding period last year. His Excellency Sheikh Abdul Rehman Bin Mohammad Bin Jabor Al-Thani, Managing Director of Doha Bank said “These results not only demonstrate the strength of the Banks underlying operations but also the efficient deployment of shareholder’s funds which have generated a return on average equity of 22.4% which continues to be amongst the highest within the GCC.
Source: AME Info
Bank Al Jazira shares dip, as Q3 profit rises threefold
October 12, 2011--The Tadawul bourse dipped 0.22% to reach 6,105.04 points. Bellwether Sabic declined 0.27% to SR91.25. Shares of Bank Al Jazira declined 0.87% to SR16.75.
Earlier in the day Bank Al Jazira reported a net income during the third quarter was SR66m, compared to SR22m for the same quarter last year with an increase of 200%, mostly due to a 35% jump in customer deposits. Over the week, the Tadawul market gained 1.72%.
Source: AME Info
Arab bourses dip to lowest level
Kuwait records largest fall; Tunisia only gainer
October 12, 2011--
The global economic uncertainty along with ongoing political unrest in the region continued to take their toll on the Arab bourses as they dived this week to their lowest level so far this year, official data showed on Wednesday.
At the end of Monday’s dealings, the combined market capitalization of 13 official Arab stock exchanges stood at $870.2 billion, its lowest level since the start of 2011, the Abu Dhabi-based Arab Monetary Fund (AFM) said.
Source: Emirates 24/7
Jordan's inflation rises to 4.8% in September
October 10, 2011--According to the Jordanian Department of Statistics, the kingdom's year-on-year consumer price inflation rose to 4.8% in September,
Reuters has reported. Compared with a month earlier, the September consumer price index was up 0.2 due to a rise in transport, food and consumer items. Yearly inflation has picked up since the start of the year on the back of oil and commodity prices, but government subsidies have helped curb rises in some food prices. [AMEInfo.com]
Source: AME Info
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