MIDEAST STOCKS-Saudi rises in early trade, most of Gulf sluggish-continued

February 15, 2018--Saudi Arabia's stock market rose in early trade on Thursday, encouraged by strong global bourses and a slight rebound in oil prices, but most of the Gulf was sluggish because of mediocre corporate earnings.
The Saudi index gained 0.7 percent in the first 45 minutes in a broad-based rise.view more

Source: Zawya.com

Middle East ETP News
Egypt amends some provisions of listing, delisting rules for EGX
June 14, 2018--The board of directors of the Financial Regulatory Authority (FRA) issued a decision to amend some of the provisions of the rules for new listings on the Egyptian Exchange (EGX), as well as rules for continuation and delisting, through adding rules stipulated in article 6 of Law 95 of 1992.
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MIDEAST STOCKS-Abu Dhabi, Qatar rise, but Dubai sags as Eid holiday begins
June 14, 2018--The Abu Dhabi stock exchange ended higher on Thursday, helped by shares in sector majors First Abu Dhabi Bank (FAB) and Etisalat, and neighbouring Dubai ended lower as property shares weighed on the exchange.
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MIDEAST STOCKS-Dubai gains on demand for bank stocks, Abu Dhabi falls
June 13, 2018--Dubai stocks opened higher in response to selective buying in financial services companies such as Dubai Islamic Bank, but other Gulf markets were mixed with Abu Dhabi falling on profit taking in First Abu Dhabi Bank, while Qatar was flat.
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IMF Working Papers-Fiscal Adjustment in the Gulf Countries: Less Costly than Previously Thought
June 13, 2018--Summary:
This paper estimates fiscal multipliers for the Gulf Cooperation Council (GCC) countries. Using OLS panel fixed effects on a sample of six countries from 1990-2016, results indicate that GCC fiscal multipliers have declined in recent years which would make the on-going fiscal consolidation less costly than previously thought.
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TASE Launches New Index-the Tel Bond-Dollar Index
June 10, 2018--?The Index Will be comprised of Dollar-Linked Corporate Bonds Listed on TASE
The board of directors of the Tel-Aviv Stock Exchange (TASE) approved (June 7th, 2018) the launch of a new corporate bonds index-the "Tel Bond-Dollar Index".
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UK pushes forward with 'Aramco' listing rule
June 8, 2018--Britain's markets watchdog will introduce new premium listing rules next month aimed at attracting sovereign backed companies such as Saudi Aramco.
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MIDEAST STOCKS-Gulf slips early on, Dubai down despite new economic steps
June 7, 2018--Energy and petrochemical shares helped to drag down stock markets across the Gulf early on Thursday, with Dubai gaining little benefit from the announcement of fresh economic stimulus steps.
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ETFGI reports that assets invested in ETFs/ETPs listed in Middle East and Africa decreased by US$343 Mn in April 2018
June 5, 2018--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs and ETPs listed in Middle East and Africa decreased by 1.03% during April 2018 to reach US$37.92 Bn at the end of the month. (All dollar values in USD unless otherwise noted.)
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MIDEAST STOCKS-Qatar gains on fund flows, Egypt falls ahead of energy subsidy cuts
June 5, 2018--Qatar and Saudi markets led Gulf stocks higher on Tuesday amid optimism index compiler MSCI will upgrade Riyadh to emerging market status and continued fund flows into Qatari blue-chips after MSCI recently raised their weightings.
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MIDEAST STOCKS-Dubai leads Gulf gains as DAMAC climbs; Saudi keeps rising
June 4, 2018---Dubai's stock market rose in early trade on Monday as shares in DAMAC Properties reached a four-week high, and most other Gulf markets gained as Saudi Arabia continued a rally triggered by the appointment of a new labour minister.
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Boursa Kuwait adopts FTSE Russell's Industry Classification Benchmark
June 4, 2018--All equity stocks listed on Boursa Kuwait will be classified under the ICB classification standard from 03 June 2018
Integrating ICB will allow Boursa Kuwait to access a single, globally recognised industry classification structure
Reflects Kuwait's ongoing commitment to facilitate international investment
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MIDEAST STOCKS-Dubai, Qatar lead gains in most Gulf markets
June 4, 2018-- Gulf markets mostly ended higher on Monday, led by Dubai and Qatar and fueled by by heavyweight stocks, while Saudi market stayed firm for the second straight day following appointment of new market-friendly labour minister.
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UAE bourses forecast to rise in June: analysts
June 3, 2018--The UAE's two stock markets are expected to perform positively in June on the back of new government decisions including the transfer of settlements for both the Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX) to the Central Bank of the UAE (CBUAE).
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DGCX Reports Record Monthly Volumes as Shari'ah Spot Gold Continues to Shine
June 3, 2018--The Dubai Gold and Commodities Exchange (DGCX) witnessed its best month ever, recording volume of 2,163,598 lots valued at over USD 46.11 billion. Throughout May an average of 94,069 contracts traded per day showing year-on-year (YOY) growth of 51%.
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IMF Staff Country Reports-Qatar: Selected Issues
Qatar's non-financial corporate (NFC) sector balance sheets have remained healthy. Sensitivity analysis shows that Qatar's NFC sector would be able to withstand adverse scenarios of higher interest rate and earnings shocks.
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Tighten corporate governance, Saudi firms urged as MSCI looms
May 30, 2018--Saudi companies should boost efforts to align their corporate governance and investor relations functions with international standards ahead of a possible upgrade by emerging markets index provider MSCI.
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Reform to change the Israeli index investing market
May 28, 2018--Index Research founder Yaniv Kunis explains the effects of the upcoming reform in Israel's ETNs.
October 3, 2018 will be a historical day for the Israeli capital market.
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Reform bonus for Saudi banks as profits surge
May 24, 2018-- Saudi banks, which are working to capitalize on economic reforms, have defied recessionary trends by posting profits during the first quarter of 2018.
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UAE stocks to extend gains on Cabinet decisions
May 22, 2018--The UAE stock markets are likely to extend gains on Tuesday following Cabinet's recent decisions, analysts told Mubasher.
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MIDEAST STOCKS-Emirates NBD boosts Dubai; Abu Dhabi, Saudi stocks also up
May 22, 2018--United Arab Emirates stocks led regional gains on Tuesday, with Dubai's market bolstered by a surge in Emirates NBD after it agreed to buy Turkish lender Denizbank for $3.2 billion.
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Telecom, new government decree push up ADX on Monday
May 21, 2018--The Abu Dhabi Securities Exchange's (ADX) general index increased by 32.47 points, or 0.73%, to close at 4,458.33 points on Monday, encouraged by the telecommunication sector and the new foreign ownership regulation.
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Saudi indices seen negative at Monday's close
May 21, 2018-- The Saudi Stock Exchange (Tadawul) ended Monday in the red after its benchmark Tadawul All Share Index (TASI) decreased 21.6 points or 0.27%,reaching 7,996.4 points.
TASI's trading volume reached 105.7 million shares down from 117.1 million shares on Sunday, while liquidity fell to SAR 2.5 billion from SAR 2.6 billion.
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