Middle East ETF News Older than One Year
MIDEAST STOCKS-Gulf stocks end week on high after Fed's dovish comments, good Q2 results
July 13, 2017--Middle East stock markets extended gains on Thursday, helped by a rise in oil prices this week and by dovish comments from U.S. Federal Reserve Chair Janet Yellen that pointed to a more gradual tightening of monetary policy.
Source: Zawya.com
Rally in Dubai, Abu Dhabi indices traps bear operators
July 13, 2017--Bulls were having an upper hand in the last four sessions on Dubai bourse as traders accumulated selective stocks ahead of key second quarter results, catching bears by surprise.
The Dubai Financial Market General Index closed 1.23 per cent higher at 3,537.42, witnessing more strength after the index breached the 20-50 day moving average.
Source: Zawya.com
Saudi retail sector lifts market, Dubai, Qatar supported by banking shares
July 12, 2017--Shares of retailers were the chief gainers in Saudi Arabia in early trade on Tuesday, the property sector helped Dubai and Qatar was buoyed by blue chips such as Qatar National Bank.
Source: Zawya.com
GCC GDP on a growth path despite oil price decline
July 11, 2017--Regional economies have been on an accelerated growth trajectory for the period 2011-14, which has been mainly fueled by record oil prices with the banking sector being the largest beneficiary of the economic boom.
In a detailed report compiled by Al Masah Capital Limited, non-core income recovery, a strong investment-led credit growth coupled with a soaring population were some of the key areas that were instrumental in bolstering the balance sheets of Saudi Arabia (KSA), Qatar, and United Arab Emirates (UAE) lenders.
Source: AMEInfo.com
Forecast for Israel's 2017 GDP Growth Increased from 2.8% to 3.4%
July 11, 2017--Yesterday evening the Bank of Israel announced it increased its forecast for Israel's 2017 GDP growth from 2.8% to 3.4%.
Israel's monetary authority cited accelerating exports and declining imports as the primary justification for their increased growth projections; continued unprecedented strength in the labor market, rising inflation expectations and expectations for a weaker Shekel were also key factors in the assessment.
Source: Blue Star Indexes
Qatar has $340bn in reserves to counter economic shocks
July 10, 2017--Qatar Investment Authority has $300bn in reserves that it could liquidate.
Source: meed.com
Gold hits biggest fall since March
July 10, 2017--Bullion expected to trade in the range of $1,200 to $1,225 an ounce this week.
More bargains await jewellery fans who will hit the shops in Dubai this week, as the bullion remains weak and looks set to tumble further.
Source: Zawya.com
BlueStar Indexes-Israeli Equities Outperform in June Capping a Strong First Half in 2017
July 10, 2017--Israeli Global Equities, as measured by BIGI(R)and tracked by the VanEck Vectors Israel ETF (NYSE: ISRA), gained 2.13% in June and 15.24% in the first half of 2017.
BIGI(R)outpaced US equities in each of the first six months of the year, and has outpaced US equities and Global Developed Market equities in 2017 to-date by 5.9 and 1.4 percentage points, respectively. In June, the top performing Israeli stocks belonged to the Materials sector but domestically-oriented stocks, especially those in the Consumer Staples and Industrials sectors, led the Israeli market higher in 2017 to-date.
Source: Blue Star Indexes
ADX and DGCX Agree to Collaborate on a Unified Clearing House in the UAE
July 9, 2017--The Abu Dhabi Securities Exchange (ADX), a leading securities exchange in the region, signed a Memorandum of Understanding (MoU) with Dubai Gold and Commodities Exchange (DGCX)m the region's largest and most diversified derivatives bourse, and its parent company, DMCC (Dubai Multi Commodities Centre) to create the basis for collaboration on a unified Clearing House (CCP) in the UAE.
Source: Dubai Gold and Commodities Exchange (DGCX)
MIDEAST STOCKS-Doha may firm on no new sanctions; sharp oil drop may hurt Gulf
July 6, 2017--Qatar's stock market may rise on Thursday after four Arab states decided for now not to slap fresh sanctions on Doha, while a sharp overnight fall in oil prices may weigh on Gulf bourses in general.
Source: Zawya.com
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