Middle East ETF News Older than One Year
MIDEAST STOCKS-Oil prices, technicals may support Gulf markets
January 4, 2018--Most Gulf markets may keep a firm tone on Thursday after oil prices shot up and the three main Wall Street stock indexes hit record closes overnight.
Source: Zawya.com
Oil prices near levels last seen in 2014/2015 as market tightens
January 4, 2017--Brent crude futures were at $67.82 a barrel, down 2 cents
Oil prices on Thursday remained near levels last seen in late 2014/2015, with markets tightening amid tensions in Iran and due to ongoing OPEC-led production cuts.
Source: Zawya.com
Saudi Arabia and UAE introduce 5% VAT in bid to narrow deficits
January 4, 2018--Pivotal measure taken to end tax-free living as Gulf allies seek to boost non-oil income.
Source: FT.com
MIDEAST STOCKS-Builders boost Dubai, Saudi edges up in early trade
December 28, 2017--Gulf stock markets were generally sluggish in early trade on Thursday although Saudi Arabia edged up and Dubai was boosted by strength in construction stocks.
The Dubai index added 0.6 percent as Drake & Scull, the most heavily traded stock,
, surged 4.1 percent to 2.29 dirhams, which would be its highest close since April 2016.
Source: Zawya.com
MIDEAST STOCKS-Saudi, Egypt outperform in weak region
December 26, 2017--Saudi Arabia's stock market rose in a mostly weak Gulf region on Tuesday after data showed deflationary pressure on the economy easing, while Egypt also gained but trading volume remained very low because of the end-of-year holiday period.
Source: Zawya.com
The Tel Aviv Stock Exchange (TASE) Launches for the first time Series of Long dated TA-35 Index Derivatives
December 24, 2017--TASE Expects This Measure to Provide a Solution to an Existing Market Need
The board of directors of TASE's Maof Clearing House has approved the launch of series of long dated TA-35 Index derivatives.
Following talks held with TASE members and market players, TASE believes that the launch of long dated derivatives will contribute to enhancing liquidity and will provide a solution to a real existing need for the various market players.
The long dated TA-35 Index derivatives will be for 15 months.
Source: TASE
MIDEAST STOCKS-Saudi flat early on, cement shares lose ground
December 19, 2017--Najran Cement gained 0.9% as Northern Region cement slipped 1.0%
Saudi Arabia's stock marke I was flat in early trade on Tuesday as some cement shares, which had surged in recent days on hopes that the 2018 state budget would boost infrastructure spending, lost ground.
Source: Zawya.com
MIDEAST STOCKS-Saudi edges up before budget on back of cement firms
December 18, 2017-- Saudi Arabia's stock market edged up in early trade on Monday as cement firms climbed before the release of the government's 2018 budget after the close on Tuesday.
Source: Zawya.com
TASE Launches a New Cross-Sector Equity Index
December 17, 2017--The TA Sector-Balance Index will comprise 100 major shares from 24 Sub-Sectors; Holding Companies and Biomed Companies (Other Than the Pharma Sub-Sector) Will Not be Included
TASE's board of directors approved (on December 14th, 2017), to launch a new equity index-the TA Sector-Balance Index. The index will comprise 100 major shares from a broad spread of sectors. The index will include shares from the TA-125 and the TA-SME60 indices, but will not include holding companies and biomed companies, with the exception of shares classified as pharma sub-sector.
Source: TASE
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