Dubai slips on property and banking shares, Abu Dhabi also down-continued

June 19, 2018--Dubai's main index fell almost 1.5 percent on Tuesday as concerns over trade tensions between the United States and China ricocheted through emerging markets.
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Source: Zawya.com


Middle East ETP News
Mideast Stocks: Saudi closes at near 4-year high as it joins FTSE Russell index
March 18, 2019--Saudi Arabia's benchmark stock index closed at its highest in nearly four years on Monday as bank shares rose on its first day as a member of FTSE Russell's emerging-market index, which is expected to attract billions in passive fund inflows.
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Saudi Tadawul sees $2.5bln foreign inflows in 11 weeks
March 18, 2019-- Foreign investors in the Saudi Stock Exchange (Tadawul) are seeking to ratchet up their investments, buoyed by the anticipation to upgrade Tadawul by international index compilers FTSE Russell, MSCI, and S&P Dow Jones indices.
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Saudi Arabia Inclusion to FTSE Russell and S&P Dow Jones Into Emerging Market Indices
March 18, 2019--Today marks the commencement of the first phase of Saudi Stock Exchange's inclusion into the FTSE Russell and S&P Dow Jones Indices (S&P DJI), both leading providers of global equity indexes.
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Mideast Stocks: Abu Dhabi snaps losing streak, DISB hits Dubai
March 14, 2019--The Abu Dhabi stock market rose on Thursday, recovering some losses it suffered over 10 straight sessions, while Dubai was pulled down by Dubai Islamic Bank's going ex-dividend
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Dubai Investments announces 10% dividend, shares surge
March 13, 2019--The board of directors of Dubai Investments (DIC) has proposed a 10 percent cash dividend for the year 2018, which pushed the company's shares higher on Wednesday.
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Mideast Stocks: Global rally boosts most of Gulf, banks lift Saudi
March 12, 2019--Most major Gulf markets rose on Tuesday, lifted by financial and real estate stocks, mirroring a rally in global markets amid hopes for a U.S.-China trade deal and progress on Brexit.
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Tadawul Announces the Date of Implementing the First Tranche of FTSE Russell and S&P DJI Indices Inclusion as an Emerging Market
March 12, 2019--Saudi Stock Exchange (Tadawul) announces that the implementation of the first tranche of FTSE Russell and S&P DJI indices inclusion as an Emerging Market on Monday 18/3/2019 based on the closing prices as of Thursday 14/3/2019.
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Mideast Stocks: Banks lead Saudi lower, blue chips gain in Egypt
March 11, 2019--Saudi Arabia's stock market fell for a fifth straight session on Monday as most of its banking sector stocks dropped, while Egypt's blue-chip index gained, helped by a rise in Eastern Company after it forecast a higher full-year profit.
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Mideast Stocks: Property weighs on Dubai, most major Gulf markets fall
March 7, 2019--Dubai stocks fell on Thursday when its property firms declined,while bank shares hurt the Saudi market.
Saudi Arabia's index was down 0.7 percent, with Al Rajhi Bank shedding 1.2 percent and the country's largest bank, National Commercial Bank, declined 1.5 percent.
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Mideast Stocks: Lender FAB hurts Abu Dhabi, Qatar nears five-month low
March 6, 2019--Abu Dhabi's stock index fell sharply for its worst day in eight months on Wednesday while Qatar touched its lowest in nearly five months, pressured respectively by First Abu Dhabi Bank (FAB) and Industries Qatar going ex-dividend.
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Dubai's finance department unveils second economic incentives suite
March 5, 2019--The Government of Dubai's Department of Finance (DoF) has launched a second package of economic growth initiatives aimed at enriching the emirate's economic incentive package as part of the government's response to the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
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Mideast Stocks: Qatar hits 2-month low, major Gulf markets down
March 5, 2019--The Qatar stock market slid to a two-month low on Tuesday, weighed down by its blue-chips, while major Gulf bourses fell across the board, mostly pressured by financial shares.
Qatar's index fell 1.1 percent, with Vodafone Qatar losing 3.2 percent after approving a regulatory decision to reduce the nominal value of its shares to 1 riyal each.
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Mideast Stocks: Saudi market extends gains ahead of FTSE inclusion
March 4, 2019--The Saudi index rose 0.4 percent on Monday, helped by petrochemicals stocks, with Sipchem 2310.SE up 3.3 percent in active trade after saying it completed maintenance activities for its polybutylene terephthalate plant.
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Saudi market cross-listing regulations expected in Q2
February 28, 2019--Regulations to allow companies from other Gulf countries to list on Saudi Arabia's stock market are expected to be finalised in the second quarter of this year, the chief executive of the Saudi bourse, Tadawul, said on Thursday.
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Saudi bourse expects $15-$20bln in passive fund inflows in 2019
February 28, 2019--Saudi Arabia's stock exchange expects passive fund inflows of $15 to $20 billion this year as it gears up for inclusion in emerging market benchmarks, its chief executive told Reuters.
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Mideast Stocks: Dubai's property stocks drop, most Gulf markets slide
February 27, 2019--Dubai's stock market fell in early trading on Wednesday, a day after reaching a three-month high, as all its property shares declined. Most major Gulf markets slid.
The Dubai index dipped 0.4 percent, with Emaar Properties losing 0.8 percent and its retail arm, Emaar Malls, falling 2.2 percent.
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Mideast Stocks: Dubai hits 3-month high, COMI pressures Egypt
February 26, 2019--Dubai shares hit a three-month high on Tuesday as all but one of its real estate firms gained, while Egypt's blue-chip index declined, primarily led by Commercial International Bank (COMI).
The Dubai index .DFMGI rose 0.9 percent to reach its highest in nearly three months.
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Mideast Stocks: Blue-chip banks pressure Saudi, property stocks impede Dubai
February 25, 2019--Saudi Arabia's stock market fell on Monday as most of its blue-chip bank shares slid, while Dubai snapped an eight-day winning streak, pulled down by its real estate stocks.
Saudi Arabia's index decreased 0.9 percent with Al Rajhi Bank falling 0.6 percent and Riyad BankE losing 3.1 percent.
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Mideast Stocks: Dubai ends run of gains, Gulf dragged by financials
February 21, 2019--Dubai stocks fell back on Thursday after touching a two-and-half-month high as real estate stocks slipped after leading six days of gains, while all major Gulf bourses also dropped on sliding financial stocks.
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Mideast Stocks: Dubai lifted by real estate as Gulf gains on global rally
February 20, 2019--Dubai's main stock index closed at a two-and-half-month high on Wednesday after strong fourth-quarter earnings from real estate companies last week triggered six days of gains.
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Mideast Stocks: Dubai continues winning streak, banks pressure Saudi
February 19, 2019--The Dubai stock market extended a run of gains as it rose for a fifth session on Tuesday, mainly driven up by property stocks after strong fourth-quarter earnings.
Banks dragged Saudi lower as investors booked profit after the market gained significantly this year.
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Mideast Stocks: Saudi slips on profit-taking, banks drag Abu Dhabi lower
February 18, 2019--Saudi Arabia's stock market fell on Monday with most sectors turning red, led by the banks as investors focused on profit-taking after the market by far outperformed its major Gulf peers. Financial stocks also pulled Abu Dhabi down.
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Mideast Stocks: Saudi slips on profit-taking, banks drag Abu Dhabi lower
February 18, 2019--Saudi Arabia's stock market fell on Monday with most sectors turning red, led by the banks as investors focused on profit-taking after the market by far outperformed its major Gulf peers. Financial stocks also pulled Abu Dhabi down.
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