Middle East ETF News Older than One Year
MIDEAST STOCKS-Saudi petrochemical stocks under pressure despite index rise
April 26, 2018--Saudi petrochemical stocks ended Thursday's trading on the downside after some disappointing earnings, but key banking and property stocks helped the index close slightly higher.
Other Gulf markets were mixed.
The Saudi index closed 1.0 percent lower after hitting a more than two-year high earlier in the week.
Source: Zawya.com
MIDEAST STOCKS-Saudi soft after hitting multi-year high, property hurts Dubai
Source: Zawya.com
MIDEAST STOCKS-Saudi index boosted by oil gains; Qatar National Bank jumps
Source: Zawya.com
Qatar strong as Commercial Bank surges, rest of Gulf moves little
Source: Zawya.com
MIDEAST STOCKS-Saudi index at highest since Q3 2015, other markets mixed
Source: Zawya.com
MIDEAST STOCKS-Saudi index holds above 8,000 points, telcos boost Egypt
Source: Zawya.com
Diamonds in the Sky: New blockchain-based trading platform launches in Dubai
Source: Zawya.com
Mideast Stocks-Gulf's relief rally pauses but Saudi extends gain on financials
Source: Zawya.com
Egypt's Economic Outlook-April 2018
Growth is expected to be driven by resilient private consumption and investment, in addition to a gradual pickup in exports (notably from tourism and gas).
The budget deficit is expected to narrow to 9.8% of GDP in FY18. view the Egypt’s Economic Outlook-April 2018
Source: World Bank
April 24, 2018-- Saudi Arabia's stock index fell back on Tuesday as many blue chips were seen as fully valued or expensive after the market hit a more than two-year high the previous day. Other Gulf markets were mixed, with property stocks dragging Dubai lower.
April 19, 2018--Saudi Arabia's stock market surged on Thursday, bolstered by a pick-up in oil prices to their highest since late 2014, while a jump in heavyweight Qatar National Bank helped to lift Qatar's index.
April 18, 2018--Qatar's stock market outperformed in early trade on Wednesday as Commercial Bank surged after beating analysts' forecasts for its first-quarter earnings, while other Gulf bourses moved little.
Qatar's stock index rose 0.8 percent as Commercial Bank gained 3.0 percent.
April 17, 2018--Saudi market extended gains on Tuesday morning, hitting its highest level since the third quarter of 2015, backed by solid performance of leading stocks. Other markets in the region were mixed.
April 17, 2018-- Saudi Arabia's stock market continued a strong uptrend on Tuesday on the back of petrochemical and banking stocks, while rising telecoms shares boosted Egypt.
The Saudi index closed 0.6 percent up at 8,096 points, having finished above 8,000 points on Monday for the first time since August 2015.
April 16, 2018--A new online platform that allows traders to physically purchase or trade diamonds via blockchain was launched from Dubai on Sunday, company officials said.
April 16, 2018--Most Gulf stock markets were flat to slightly higher early on Monday, pausing after they rallied on the previous day because of hopes that the Western military attack on Syria would not escalate into a wider conflict. But Saudi Arabia extended its gains on the back of financials.
April 16, 2018--As reform momentum is sustained, economic activity is expected to improve and imbalances are projected to narrow further. Real GDP is forecast to grow by 5% in FY18, and to increase gradually to 5.8% by FY20.
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