Middle East ETF News Older than One Year
DGCX volumes surge 40%
October 3, 2016--Exchange Open Interest hits new record high of over $9.1b in September
Volumes on the Dubai Gold and Commodities Exchange (DGCX) touched close to 14.76 million contracts, growing 40 per cent from same period last year.
Source: SEC.gov
Middle East stock markets may be sluggish after Saudi's tumble
October 3, 2016--Middle Eastern stock markets may be sluggish on Monday after Saudi Arabia plunged on Sunday because of concern over the impact of government austerity measures and the risk of more such steps.
Source: AMEInfo.com
Saudi remains weak despite oil rally, rest of Gulf firm
September 29, 2016--An overnight rally in oil prices after an OPEC production deal helped lift most Gulf stock markets in early trade on Thursday but Saudi Arabia's bourse contined to drop. Saudi petrochemical shares, which make up roughly one-quarter of the market's capitalisation, jumped after Brent oil surged over $48 a barrel.
Source: AMEInfo.com
Infographic: regional economic commentary
September 28, 2016--Global stock markets were on a roll after the dovish decisions by the BoJ and the US Fed with Wall Street scoring another set of records, but by the end of the week, the impulse faded. Not many regional markets joined the party with Saudi Arabia falling almost 2 per cent.
Source: AMEInfo.com
Cautious optimism for Egypt's economy
September 28, 2016--US rating agency says Egypt's stable outlook remains.
Source: Meed
United Arab Emirates shows stellar growth in RMB adoption
September 27, 2016--Special edition of SWIFT's RMB Tracker for Sibos 2016 shows new frontiers for RMB internationalisation in Europe, Middle East and Africa (EMEA).
Data from SWIFT's latest RMB Tracker shows exceptional growth in RMB adoption in the United Arab Emirates (UAE) witnessing a 210.8% growth in payments value of the currency since August 2014, albeit from a low base. More than 80% of the direct payments made between the UAE and China/Hong Kong in August 2016 were in CNY, representing one of the highest increases worldwide.
Source: swift.com
Foreign institutions lift Qatar shares above 10,500
September 27, 2016--Increased buying support from foreign institutions on Monday added 75 points to lift the Qatar Stock Exchange above the 10,500 mark.
Source: Zawya.com
Still robust, Turkey looks set to weather downgrade to "junk"
September 27, 2016--Moody's cut rating on Friday citing worries about rule of law. Only Fitch holds investment grade rating on Turkey Some see opportunity given Turkey fundamentals.
Source: AMEInfo.com
Palestine Exchange within the Frontier Markets on FTSE indices
September 26, 2016--The (FTSE Indices) has upgraded Palestine exchange (PEX) to frontier market status as of 19th September 2016 based on the annual audit conducted by the group.
Commenting on this, CEO of PEX Ahmad Aweidah stressed that this upgrade was expected in light of the recent review conducted by FTSE in September of last year, 2015. PEX has won this status as a result of its effort to comply with international standards.
Source: Palestine exchange (PEX)
Gulf bourses start week down, but Qatar slightly up
September 25, 2016--Petrochemical shares dragged Saudi Arabia's equity index lower in early trade on Sunday after oil prices fell 4 percent at the end of last week, while Qatar's main index regained some ground.
Riyadh's main index slipped 0.3 percent after 15 minutes of trade, with bellwether petrochemical producer Saudi Basic Industries declining 0.9 percent.
Source: AMEInfo.com
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