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Home Banking & Finance

Middle East financial markets ignore the violence

12th September 2012
in Banking & Finance
Middle East financial markets ignore the violence
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Equities markets in the Middle East closed mostly higher Wednesday, but were mostly oblivious to the attack on the U.S. embassy in Egypt and violence that has claimed the life of a U.S.ambassador in Libya.

On Wednesday, the Egypt EGX 30 stock market index (XX:EGX30) edged up by 0.5%. In Saudi Arabia, the Tadawul All Share index (SA:TASI) added 0.3%, and the Tel Aviv Stock Exchange’s TA-100 index (XX:TA100) rose 0.4%.

Among exchange-traded funds, the Market Vectors Egypt Index ETF (US:EGPT) was trading 1.6% lower and the Wisdom Tree Trust Middle East Dividend Fund (US:GULF) was up 1.1%.

(Source: MarketWatch)

Tags: Christopher StevensStock ExchangeTrading

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