Middle East ETF News Older than One Year
Emaar, DSI buoy Dubai; Qatar recovers as minister reassures on crisis
June 12, 2017--Qatar's stock market rebounded on Monday from sharp falls last week after the finance minister said the economy was essentially operating as normal despite the region's diplomatic crisis, while property-related shares buoyed the United Arab Emirates.
Source: Zawya.com
Dubai non-oil economy growth slows to seven month low
June 11, 2017--Economic growth momentum in Dubai is fading with pace of business activities slowing to new low in several months, according to a new survey.
Source: Zawya.com
Iran's Main Bourse Gains 88% In 4 Years
June 10, 2017--Major indicators improved in Tehran Stock Exchange between 2012-2016.
Tehran Stock Exchange's Market Capitalization was around IRR 171 trillion in 2012. The figure was raised above IRR 322 trillion after 4 years in 2016.
Based on a report by the Exchange's R&D Department, the average P/E ratio was recorded as 5.35 in the beginning of the period and reached 6.84 in the end of 2016.
Source: Tehran Stock Exchange
Blue chips help Qatar rebound, weak oil prices hit Saudi
June 8, 2017-- Qatar's stock market rebounded in early trade on Thursday after losing 9.7 percent since neighbouring Arab states cut diplomatic and trade relations with it early this week, while an overnight plunge in oil prices weighed on Saudi Arabia's bourse.
Source: Zawya.com
Qatari bonds extend losses after S&P downgrade, CDS rise
June 8, 2017-- Qatari sovereign dollar bonds extended losses on Thursday to approach three-month lows and the cost of insuring exposure to the kingdom's debt rose to the highest level since mid-November, after a credit ratings downgrade.
Source: Zawya.com
World Gold Council-Gold-backed ETF holdings up 10.5t to 2,291.9t in May
June 8, 2017--At the end of May, total holdings in gold-backed ETFs and similar products stood at 2,291.9t (73.7moz), 10.5t higher from April. These holdings were valued at US$93.3bn, largely flat compared to a month earlier.
European inflows more than doubled the North American outflows: holdings increased 20.8t (+2%) to 967.2 in Europe, while North American funds lost 7.2t to 1,214.0t. Asian funds shed 2.0t (-3%) to 64.5t and funds in the other region lost 1.1t to 46.1t.
Source: World Gold Council
Qatar's credit rating lowered amid GCC spat
June 8, 2017--S&P has placed it on negative watch on concerns of a prolong tiff with Gulf states and economic blockade
Source: meed.com
Dubai index eases slightly after 2% gains
June 8, 20176--The Dubai index eased slightly on Thursday on profit-taking in Emaar after the stock jumped 10 per cent in the previous session.
The Dubai Financial Market General index closed 0.17 per cent lower at 3,400.10, after gaining more than 2 per cent in the previous session.
Source: Zawya.com
Dubai index sees turnaround in trend on blue chip buying
June 7, 2017--The Dubai index saw a turnaround in sentiment after witnessing weak to sideways movement on the back strong buying in Emaar Properties.
Source: Zawya.com
Qatar stabilises on valuations, Dubai's Emaar jumps on unit's IPO plan
June 7, 2017--Qatari shares that are members of global emerging market benchmarks helped stabilise the bourse in early trade on Wednesday, while Dubai's Emaar Properties jumped on news it will launch an initial public offering of its local real estate unit.
Source: Zawya.com
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