Middle East ETF News Older than One Year
MIDEAST STOCKS-Global environment positive, Gulf earnings mostly lacklustre
February 15, 2018--The global market environment is positive for Gulf stock markets on Thursday although mostly lacklustre corporate earnings in the region may limit any strength in stocks.
Source: Zawya.com
MIDEAST STOCKS-Few positives for Gulf, GFH cuts dividend
February 14, 2018--Gulf stock markets appear to have few fresh positives on Wednesday and may consolidate in sluggish trade, with Dubai dampened by earnings and dividend news from several companies.
Source: Zawya.com
MIDEAST STOCKS-Global rebound may lift Gulf; Industries Qatar has strong Q4
February 13, 2018--A rebound in global equity markets may lift stock markets in the Gulf on Tuesday, with strong fourth-quarter earnings by Industries Qatar buoying the bourse in that country.
Source: Zawya.com
Mideast Stocks: Global volatility to weigh on region
February 11, 2018--The volatility of global stock markets and oil looks likely to weigh on Gulf bourses on Sunday, with the United Arab Emirates, Qatar and Egypt at risk of foreign fund outflows.
Source: Zawya.com
Egypt T-bill yields fall to lowest since currency float
February 8, 2018--Average yields on Egypt's six-month and one-year treasury bills fell on Thursday, data from the central bank showed, extending a decline that has taken yields to their lowest levels since the country floated its currency in late 2016.
The yield on the 182-day bill fell to 17.358 percent from 17.611 percent at the last similar auction, and the yield on the 357-day bill fell to 16.435 percent from 16.679 percent.
Source: Zawya.com
Saudi bourse is ready for any decision on Aramco listing-official
February 8, 2018--Saudi officials have said the government plans to sell up to 5% of Aramco shares on one or more foreign exchanges in addition to Riyadh.
Source: Zawya.com
Solactive US Internet Index used as the basis for IBI ETF trading on the Tel Aviv Stock Exchange
February 7, 2018--Solactive is pleased to announce that the Solactive US Internet Index is used as the underlying index for IBI's newly-launched ETF, I.B.I.(4D) SAL Solactive US Internet, trading on the Tel Aviv Stock Exchange.
The index tracks the performance of US companies operating in the Internet sector with a minimum market capitalization of USD 500 million. These companies provide Internet-related goods or services, and are involved in activities such as network communications, Internet access, Internet infrastructure, Internet software, e-commerce, website design, web hosting, and cloud computing.
Source: Solactive AG
Mideast Stocks: Gulf slides in response to Wall Street's tumble
February 4, 2018--Gulf stock markets sank early on Sunday in response to Friday's tumble on Wall Street, after U.S. data showed the strongest annual wage growth since 2009 and raised the risk of more interest rate hikes than expected this year.
The Saudi index dropped 0.6 percent in the first hour with falling shares outnumbering gainers by a ratio of about two to one. Al Rajhi Bank, which rose strongly in January, partly on expectations it will be included in global emerging market indexes when Saudi Arabia is eventually upgraded to that status, fell back 1.2 percent.
Source: Zawya.com
DGCX Reports Strong Start to the Year with Record January Volume
February 2, 2018--Dubai Gold and Commodities Exchange (DGCX), the largest and most diversified derivatives bourse in the Middle East, began 2018 on a positive note by recording its best January in volumes and value ever, growing 40% from last year with 1,909,488 lots traded, valued at USD 47 billion (AED 172.6 billion).
The main drivers of this strong trading month were the Indian Rupee, G6 currency pairs and the Indian Single Stock Futures (SSF) with the BSE Sensex Futures. Growing volumes in DGCX Indian SSF contracts following the launch of an additional 44 blue-chip stocks is a direct result of the Exchange meeting the needs of global participants to access Indian markets in an efficient and secure manner.
Source: Dubai Gold and Commodities Exchange (DGCX)
MIDEAST STOCKS-Dubai Islamic Bank pulls down Dubai, rest of Gulf moves little
January 30, 2018-- Dubai Islamic Bank pulled down the emirate's stock index in early trade on Tuesday after it announced a new share issue, while other Gulf bourses moved little.
The Dubai index slipped 1.0 percent as Dubai Islamic fell 4.1 percent.
Source: Zawya.com
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