All Middle Eastern Markets Rise with Eqyptian, Dubai and Israeli Exchanges Sharply Higher


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Middle Eastern stock exchanges are all higher in today's trading, with the Dubai DFM rising 1.90% to 1730.43. The Tel Aviv TA-25 closed at 1081.35, up 1.53%. The Egypt EGX 30 continues its strong performance for 2012, up 2.39% to 5349.85.

The big story in Middle East stock exchanges is the Tel Aviv TA-25. The Israeli stock market was the feature of an article by Tal Barak Harif in Bloomberg Businessweek. In his piece, 'The Israali Market's Surprising Stability', Harif pointed out that: "Israel, under threat of war from its neighbors since its founding in 1948, produced better risk-adjusted returns than all other developed stock markets in the past decades." For the ten-year period ending February 17, the Tel Aviv TA-25 returned 161%. Publicly traded companies headquartered in Israel are noted for the preponderance of high tech firms, particularly in telecom, and the high dividends paid. While the average dividend for a stock on the Standard & Poor's 500 Index is around 2%, for the TA-25 it is 3.49%. As an example, Cellcom Israel ( CEL ) has a dividend of 21.75%.


*Saudi TASI is at 7226.43, up 0.80%.

*Dubai DFM is at 1730.43, up 1.90%.

*Abu Dhabi ADX is at 2611.13, up 0.69%.

*Kuwait KSE is at 6126.90, up 0.17%.

*Bahrain BSE is at 1148.64, up 0.73%.

*Oman MSM is at 5837.66, up 0.47%;

*Qatar QE is at 8746.98, up 0.57%

*Lebanon LSE is at 1196.04, up 0.25%.

*Egypt EGX 30 is at 5349.85, up 2.39%.

*Jordan ASE is at 1959.75, up 0.34%.

*Tunisia TUNINDEX is at 4768.66, up 0.72%.

*Morocco CB is at 11398.90, up 0.23%

*Palestine PSE is at 482.22, up 0.18%.

*TA-25 is at 1081.35, up 1.53%.


*UBS Bloomberg CMCI is at 1,656.67 after reaching a high of 1,662.01 and a low of 1,653.43.

*Standard & Poor's GSCI is at 703.46 after reaching a high of 711.51 and a low of 702.01.

*RJ/CRB Commodity Index is at 323.45 after reaching a high of 323.55 and a low of 322.56.

*Rogers International Index is at 3,944.79 after reaching a high of 3,951.33 and a low of 3,931.44.


*Gold is at $1,775.50, down $12.90 and 0.73%.

*Oil is $105.92, down $0.63 -0.59% .

*Corn is at $657.25, up $8.75 and 1.33%.

*Copper is at $388.65, down $2.55 -0.66%


*USD/JPY is at 80.690, up 0.31%.

*EUR/USD is at 1.3392, down 0.52%.

*GBP/USD is at 1.5945, up 0.30%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

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