Middle East ETF News Older than One Year
Qatar inflation in May increases to 1.7%
June 27, 2011--According to data by Qatar's Statistics Authority, inflation in the Gulf country has climbed to 1.7% on an annual basis in May, matching its level from March, Reuters has reported.
Consumer prices were 0.2% higher month-on-month in May after a 0.1% rise in April, helped by increases in food and transport costs, the data showed. Average deflation in Qatar reached 2.4% in 2010, less than 4.9% in 2009, which was the first full-year deflation since 1993.
Source: AME Info
Tehran Stock Exchange To Launch Options Market
June 26, 2011--Ali Sangenian, TSE's deputy announced introducing equities options contracts as the most important implementing plan at the Exchange, which will be occurred until the end of summer 2011.
Ali Sangenian, TSE's deputy announced introducing equities options contracts as the most important implementing plan at the Exchange, which will be occurred until the end of summer 2011.
He also noted that arrangements are under process for launching new futures contracts based on TSE's 30 blue-chip portfolio.
Besides, TSE's authority reported about the Exchange's proposal to the Iranian Securities and Exchange Organization (SEO) for establishing currency futures and gold ETFs markets. The proposal is being inspected by the regulators before ratification.
Source: Tehran Stock Exchange
DGCX Indian Rupee Contract Records Highest Ever Daily Volume
Daily Indian Rupee volume of 15,509 contracts on June 23, 2011, valued at US $ 688.52 million, is highest since launch of the contract
Total open interest of 13,033 achieved on June 23rd, 2011, the highest ever daily total open interest on the Exchange since inception
June 26, 2011--The Dubai Gold & Commodities Exchange announced that trading in the Indian Rupee/Dollar futures contract reached an all time daily high of 15,509 contracts, valued at US $ 688.52 million, on June 23, 2011. The contract also set an open interest record of 7,811 contracts on the same day.
The new record for the Indian Rupee contract surpasses the previous 12,499 contracts worth US $ 551.55 million achieved on February 22nd, 2011. The new open interest record for the contract exceeds the previous high of 7,578 set on June 13th, 2011.
DGCX reached its highest ever daily total open interest of 13,033 on the day, beating the previous record of 12,294 set on June 22nd, 2011. DGCX also achieved its second highest daily volumes with a total of 18,510 contracts, valued at US $868.32 million on June 23rd, 2011 .
Source: DGCX
Dubai Gold & Commodities Exchange Weekly Market Commentary - June 26, 2011
June 26, 2011-Economic Data Overview
The June 27 week will see the end of the second quarter 2011. Data much of the last month of the quarter will be released in the coming weeks. While there may be some upside surprises, on balance the second quarter will probably be most notable for slower activity in housing and softness in the labor market, while prices showed signs of holding at more elevated levels.
The week leads up to the three-day holiday weekend for Independence Day the following Monday. There is no early close to the bond market on Friday. However, offices will likely empty out as soon as the morning's data is out of the way. There is a fair amount of data on the economic calendar next week, but little that will seem urgent, especially since the next release of payroll data is not until Friday, July 8 and very little of this data will feed into expectations for that report. The payroll survey week fell relatively late in June on the 18th, which means the employment numbers will not be out until the second Friday of July on the 8th.
Probably the highlight of the week will be the ISM Manufacturing Index for June on Friday. The general tone of the reports released so far this month from various Fed District Banks and regional purchasing managers’ indexes indicate that the factory sector continues to feel the impacts of supply chain disruptions and severe weather. The national index probably will be of a piece with the regional data. The question is..
Source: DGCX
FTSE NASDAQ Dubai UAE 20 Index loses for the sixth day straight
July 26, 2011--The FTSE NASDAQ Dubai UAE 20 Index closed at 1630.69 on Sunday, down 1.40%, from the previous close
Port operator DP World declined 1.22% to $12.15. Interior designer Depa Ltd. dipped 1.82% to $0.54. No other shares were traded.
Source: AME Info
Bahrain Telecommunications end four-day series of losses
June 23, 2011-The Bahrain Bourse in Manama showed on Thursday some form of a stabilisation.
The Bahrain All Share Index ended flat at 1,338.61 points. Shares of the country's largest telecom provider Batelco recovered some losses from the last four days by closing half a percent higher at BD0.446. United Gulf Investment Corporation dived 5.26% to BD0.108.
Dource: AME Info
The KSE Market Index ended down a quarter percent at 6,263.9 points as shares dipped slightly across all sectors.
June 23, 2011--The KSE Market Index ended down a quarter percent at 6,263.9 points as shares dipped slightly across all sectors.
After declining sharply during the last eight weeks, Commercial Bank of Kuwait surged 2.3% and finished at KD 0.870. Arkan Al-Kuwait Real Estate posted the largest decline and ended down 7.7% at KD0.060.
Source: AME Info
Qatar Telecom gains on Watanyia listing approval
June 23, 2011--The QE Index closed insignificantly lower at 8,214.35 points. Shares of telecom provider Qatar Telecom, also called Qtel, added 0.27%, closing at QR149.50. Earlier in the day,
Qtel announced that at the Annual General Meeting ("AGM") of its Kuwait listed subsidiary Wataniya Telecom (National Mobile Telecommunications Company K.S.C. or "Wataniya"), approval was granted to list Wataniya Telecom's shares on the Qatar Exchange or any other foreign market, should the listing be in the best interest of the Company.
Source: AME Info
Abu Dhabi market loses year-to-date profit
June 23, 2011--A decline of half a percent forced the ADX Market Index back to the red in relation to its year-to-date performance (off 0.08%). The ADX closed at 2,716.72 points, down 0.58%, on Thursday.
Telecom giant Etisalat extended its advance, gaining 0.45% to reach Dhs11.20. Aldar Properties was the most liquid share, diving 3.70% to Dhs1.29. Four stocks gained, 19 lost and three securities ended even. During the third week of June, the ADX shed 1.05%.
Source: AME Info
Dubai bourse dips, only three shares gains
June 23, 2011--The DFM General Index fell over one percent for the second day straight, closing 1.16% lower at 1,532.86 points. In the aftershock phase of MSCI's decision to postpone a possible upgrade of the UAE to "emerging market"-status from "frontier market", the DFM share fell by another 2.46%, finishing at Dhs1.19.
Logistics giant Aramex added half a percent to reach Dhs1.80. Twenty-one shares lost, three gained and five ended flat. Over the week, the DFM declined by 3.2%.
Source: AME Info
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