Middle East ETF News Older than One Year
Mideast Stocks: Blue chips lift Dubai, rest of Gulf mixed
January 17, 2019--The Dubai stock market rose in early trading on Thursday, helped by its blue-chip stocks, while other major Middle Eastern markets were mixed after corporate earnings announcements.
In Dubai, the index added 0.4 percent, boosted by its blue chips Emaar Properties and Emirates NBD which rose 1 percent and 0.4 percent, respectively.
Source: Zawya.com
GCC Equities Review: Bahrain market flat but trading volumes pick up
January 17, 2019--Although Bahrain's stock market benefited from much healthier levels of activity in 2018-research by KAMCO found it was the only Gulf stock market where the total value traded grew, by 80 percent to $900 million-the country's all-share index only traded within a thin pricing band and edged up by the end of the year by 0.4 percent, according to Eikon data.
Source: Zawya.com
Belt and Road REIT could eventually float in UAE or China, says Equitativa chairman
January 17, 2019--The new Belt and Road real estate investment trust (REIT) launched by Dubai-based manager Equitativa and Hong Kong-based investment firm Affluent Partners is targeting an initial asset base of between $200 million-$500 million before taking the vehicle towards a listing on a public market either in the United Arab Emirates or China, Equitativa's chairman, Sylvain Vieujot, has said.
Source: Zawya.com
BlueStar Israel Equity Review & Outlook-January 2019
January 17, 2019--Israeli Equities End 2018 Significantly Ahead of Developed International Peers-Isreal Tech Remains Positive and Leads US & Global Tech Benchmarks
Israeli stocks, as defined by the BlueStar Israel Global Index(R) (BIGI(R)), finished the year with a sharp 11.04% drop in December, bringing 2018 YTD performance to -6.01%.
In spite of this turbulence and late-year swoon, Israeli stocks ended 2018 with a substantial 7.35% outperformance above MSCI EAFE's weak 2018 return of -13.36%.
Israeli technology stocks, as defined by The BlueStar Israel Global Technology IndexTM (BIGITech(R)), lost 6.61% in December but remained positive with a return of 0.58% for the 2018 calendar year.
BIGI(R) outperformed the local TA-125 Index by 3.44% in 2018, as the TA-125 has missed out on the performance of some of Israel's top foreign-listed technology companies.
Source: BlueStar Global Investors LLC
GCC Equities Review: Abu Dhabi ascends despite dramatic Dubai downfall
January 16, 2019--Investing in two stock markets in the same country would not usually be considered a way of diversifying assets, but investors who had stakes in both of the United Arab Emirates' main equities exchanges last year will have noted that that there was little in the way of correlation between them.
Source: Zawya.com
More in the tank: Higher oil prices dent Gulf bond and sukuk issuance in 2018-report
January 13, 2019--A higher average oil price over the course of 2018 meant Gulf governments tapped debt capital markets less frequently throughout the year, a new report has said.
A note from KAMCO Research, a division of Kuwait Asset Management Company, published last week stated that "after three consecutive years of growth and record issuances in 2017", the fixed income market in the Gulf Cooperation Council (GCC) paused last year, with primary debt issuance of bonds and sukuk falling by 14.1 percent to $105.9 billion.
Source: Zawya.com
Mideast Stocks: Gulf mostly up ahead of results season, Global Telecom plunges in Egypt
January 13, 2019--Most Gulf markets closed in positive territory on Sunday but trading volumes were thin as investors awaited company results reporting that will begin this week.
In Egypt, the index gained 1.2 percent, but Global Telecom Holding plunged 7 percent after announcing earlier on Sunday its plan to convert outstanding shareholder loans of $370.6 million plus accrued interest into equity.
Source: Zawya.com
Mideast Stocks: Gulf edges up ahead of results season, DP World gains on Chile deal
January 13, 2019--Gulf markets were slightly higher in thin trading volume early on Sunday, mirroring last week's muted close in global stock markets as investors took a breather ahead of company results reporting, which will start this week.
Source: Zawya.com
Mideast Stocks: Property stocks hurt Dubai, industrials lift Egypt
January 8, 2019--The Dubai stock market reversed course to slide on Tuesday as its property shares fell, while Egypt's blue-chip index gained for a fifth straight session, aided by its industrial stocks.
Source: Zawya.com
Mideast Stocks: Egypt falls for fifth day, banks boost Qatar
December 26, 2018--Egypt's blue-chip stock index fell for a fifth straight day on Monday, while Saudi Arabia edged up as oil prices rebounded moderately after plunging nearly 8 percent at the end of last week.
Source: Zawya.com
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