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End Of Rowed In Atlantic Charity CrossingAmerican Paul Ridley completes transatlantic row to raise money to fight cancer.
Forbes Monday, March 30, 2009Saudi exchange declines by 2.03% on petrochemical losses
Riyadh's Tadawul Index lost 2.03%, closing at 4,632.51 points on lower oil prices (down more than three percent). Market bellwether and petrochemical giant Sabic was among the biggets decliners (off 5.92%). 25 shares buckked th trend, among them Sharia-compliant insurance operator SABB Takaful (gaining 6.16%). Investors became nervous globally ahead of the G20 summit in London which will start on April 1st, at which a number of coordinated measures are expected to be taken in order to stimulate world economy. Saudi-Arabia, a member of the G20, will attend the summit as the only Arab country. [AMEInfo.com]
AME Monday, March 30, 2009Kuwait market loses 0.54%
As the other GCC exchanges, the Kuwait market was also negatively affected by losses in Asia and closed 0.54% lower at 6,703.3 points. Many financials underperformed the market such as Bahrain-based Gulf Finance House (off 1.03%). Declining oil prices (down 3.11%), which hit the level of $50 per barrel again, might also a reason for crossover market losses in the GCC today, although Kuwaiti oil minister Sheikh Ahmed Abdullah Al Sabah said that his country feels 'comfortable' with $50 per barrel. [AMEInfo.com]
AME Monday, March 30, 2009Sell-out at Doha Securities Market (DSM)
Negative input from East Asia markets brought the Qatar exchange down. The DSM plumetted 5.66% on Qatar Telecom's performance (off 9.55%) and bank shares losses. Closing at 4,810 points straight, te general index dipped below the important support line 5,000 points. Four shares advanced, while 33 stocks declined, leaving no share unchanged. Volumes declined by over 20% to 13m securities changing hands. [AMEInfo.com]
AME Monday, March 30, 2009The Occasional Myth Of ETF Efficiency
Exchange-traded funds have numerous advantages over mutual funds, but they're not always incredibly efficient.
Forbes Monday, March 30, 2009Five Ways To Find A Winning ETF
There are more than 700 exchange-traded funds. Here are five factors to consider in choosing one that works for you.
Forbes Monday, March 30, 2009Ned Johnson: Buy iShares, Please!
The $7 billion question is who will buy iShares. Here's my pitch.
Forbes Monday, March 30, 2009
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