Middle East ETF News Older than One Year
Kuwait market ends week in the green
April 14, 2011--The KSE Market Index added 0.31% to close at 6,388.7
Al-Ahleia Holding Co. was the top gainer (up 7.14% at KD0.015). Dar Al-Thuraya Real Estate Co. plummeted 6.75% at KD0.069. Banks performed overall lower, but National Bank of Kuwait, known as NBK, bucked the sector trend and closed 1.69% higher at KD1.200.
Source: AME INfo
Qatar Exchange dips 0.40%
April 14, 2011--The QE Index closed down 0.39% at 8,780.80 on Thursday. Shares of Qatar National Bank (QNB) added 0.27% to close at QR149.80.
Commercial of Qatar (off 1.38% at QR71.50) and Doha Bank (down 1.69% at QR52.30) after Credit Suisse cut ratings of both banks to 'neutral'.
Source: AME Info
Abu Dhabi bourse advances 0.73%
April 14, 2011--The ADX General Index closed 0.73% higher at 2,678.84 on Thursday.
Over the week, the ADX gained 3.11%. National Bank of Fujairah posted the largest advance (up 10% at Dhs3.52). Aldar Properties added 1.87%, finishing at Dhs1.65. Over the week, the ADX gained 3.11%.
Source: AME Info
Abu Dhabi bourse advances 0.73%
April 14, 2011--The ADX General Index closed 0.73% higher at 2,678.84 on Thursday.
Over the week, the ADX gained 3.11%. National Bank of Fujairah posted the largest advance (up 10% at Dhs3.52). Aldar Properties added 1.87%, finishing at Dhs1.65. Over the week, the ADX gained 3.11%.
Source: AME Info
Dubai market ends week on a high note
April 14, 201--The DFM General Index closed at 1,622.58 (up 1.38%) on Thursday, as real estate shares posted strong gains.
Emaar (up 1.20% at Dhs3.36), Union Properties (14.89% at Dhs0.378) and Deyaar (gaining 9.40% at Dhs0.291) lifted the market in particular. Twenty-two stocks gained, three lost and three ended flat. Some 222.62m shares valued at Dhs223.62m changed hands.
Source: AME Info
Abu Dhabi hoping to grow 7% a year until 2015
April 13, 2011--According to a bond prospectus, the emirate Abu Dhabi plans to reduce dependence on oil and diversify its economy in a bid to grow by an average of 7% a year until 2015 and 6% a year thereafter, Reuters has reported.
"The 2030 Economic Vision seeks to grow Abu Dhabi's GDP by an average of 7% per annum through 2015, and thereafter to stabilise growth at an average of 6% per annum for total growth in GDP of over 500% by 2030," a prospectus by Abu Dhabi's investment vehicle, Mubadala said. "The government also intends to foster non-oil GDP growth at a higher rate than that of the oil sector, with a goal of reaching equilibrium in oil and non-oil trade by 2028," the document said.
Source: AME Info
Tadawul market dips 0.32% on weak petrochemicals
April 12, 2011--The Saudi Stock Exchange's benchmark index Tasi closes at 6,590.65 points on Tuesday, off 0.32%. Shares of Petrochem dipped 6.04%, closing at SR22.50. Bellwether Sabic weakened 0.23%, finishing at SR107
Alinma Bank gained half a percent reaching SR10.05. During the first quarter 2011, Alinma Bank was the most traded company as some 1.3bn stocks changed hands, according to Global Investment House in Kuwait. Fifty-one stocks gained, 78 declined and 16 ended flat.
Source: AME Info
Industries Qatar decline despite higher quarterly profit
April 12, 2011--The Doha-based QE Index lost 0.71%, closing at 8,771.80 points. Shares of Industries Qatar dipped 0.69%, finishing at QR143.60. Earlier in the day,
Qatar Industries reported for the first quarter a net profit of QR2.1bn in comparison to QR1.2bnfor the corresponding period in 2010. Earnings per share (EPS) amounted to QR3.81 as of March 31 2011 versus QR2.21 of the same period in 2010.
Source: AME Info
Zain telecom dip 1.44%
April 12, 2011--The KSE Market Index closed flat at 6,364.6. Telecom giant Zain ended 1.44% lower at KD1.360. National Bank of Kuwait, known as NBK, closed 1.69% lower at KD1.160.
United Gulf Bank (UGB) was the top loser (off 7.14% at KD0.325). Kuwait Finance House, the world's second largest Islamic Bank in relation to assets, added 1.88%, reaching KD1.080.
Source: AME Info
Abu Dhabi bourse adds half a percent
April 12, 2011--The ADX General Index closed 0.50% higher at 2,632.44. Shares of RAK Properties gained 2.56%, closing at Dhs2.56. Earlier in the day, RAK Properties informed the ADX that it received a loan of $50m from the Investment and Development Office (IDO)
National Bank of Fujairah posted the largest gain, closing 10% higher at Dhs3.52. Investbank was the main loser (off 6.43% at Dhs1.60). Some 126.86m stocks worth Dhs190.29m changed hands in Abu Dhabi. Nineteen shares gained, eight lost and five remained even.
Source: AME Info
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