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IMF hails progress in implementing Egyptian economic reform program       NBE, Banque Misr to sell stakes in New Ismailia Co       Release from Alexandria Flour Mills (AFMC.CA) Concerning the Semi-Annual Disclosure Form       Marseille Almasreia Alkhalegeya For Holding Investment (MAAL.CA) - Board of Directors Decisions (NILEX)       Bahrain got first funds from Gulf aid last year - c. bank governor       Saudi Arabia sells 7.095 bn riyals sukuk in monthly issue       Egypt postpones $6.6bn repayment to Saudi Arabia       World Bank affirms confidence in Egypts economic reform measures       NBE to increases SMEs portfolio to LE70bn in 2019       Egypt takes new steps to boost ties with Europe       European investments reach $15 bn in Egyptian market       8 investment entities get 159 feddans in Egypts new capital       Egypts Elsewedy to launch $112m projects in New Administrative Capital       Alexandria Flour Mills BoD okays 37.6% profit decline       UAEs Dana Gas plans $5bn investments in Egypt - CEO       Middle & West Delta ratifies profits of LE86 ending Dec 2018       AMOC reports profits LE278m ending Dec 2018       El Batal unveils launching two housing projects in New Cairo, 6th Oct. City       EFG Hermes Securitization The First Issue Tranche C Nov 2023 (EGHRSEC01C=CA) Declares Bond Dividends for Coupon No. (3)       EFG Hermes Securitization The First Issue Tranche A Dec 2019 (EGHRSEC01A=CA) Declares Bond Dividends for Coupon No. (3)      
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Bank sector gains send Qatar to highest close for 14 months

Qatars stock market closed at its highest level for 14 months, led by banking stocks and overtaking Saudi Arabia as the top-performing index in the Gulf region while other markets were mixed amid lacklustre trading.
The benchmark Qatari index jumped 1.5 percent to 9,977 points, its highest since late May 2017.
Qatar National Bank and Qatar Islamic Bank rose 2.3 percent, and Commercial Bank jumped 4.1 percent.
The index has risen 16.4 percent this year, while the Saudi stock market has risen 14.7 percent.
Generally positive second-quarter results in recent weeks have helped sustain a rally that started after several Qatari companies raised limits on foreign ownership.
In Saudi Arabia, which houses the regions biggest bourse, the index was flat, still under pressure from a number of blue chips and led by banks and petrochemicals.
Heavyweight Al Rajhi Bank lost 0.6 percent while Saudi Electricity Co. fell 1.9 percent.
Arabian Cement fell 2.4 percent after it reported a second quarter net loss of 50.9 million riyals versus a profit of 35.5 million riyals a year ago.
In Dubai, the index rose 0.8 percent, supported by gains in property and banking shares.
Developer Emaar Properties and its subsidiary Emaar Malls rose 1.7 percent and 2.5 percent respectively. The latter extended gains made on the back of Mondays nearly 15-percent jump in quarterly earnings, broadly in line with market forecasts.
Dubai Islamic Bank added 1.2 percent and Emirates NBD inched up 0.5 percent.
The Abu Dhabi Index lost 0.3 percent, with the biggest losers including Etisalat, down 1.2 percent.
Egypts main index rose 0.6 percent to 15,670 points, its highest level for almost three weeks.
Property developer Talaat Mostafa jumped 2.6 percent and EFG Hermes rose 1.7 percent.
SAUDI ARABIA
The index was flat at 8,289 points.
DUBAI
The index rose 0.8 percent to 2,979 points.
ABU DHABI
The index lost 0.3 percent to 4,845 points.
QATAR
The index was up 1.5 percent to 9,977 points.
KUWAIT
The index was up 0.3 percent at 5,310 points.
BAHRAIN
The index lost 0.4 percent to 1,353 points.
OMAN
The index was flat at 4,341 points.
EGYPT
The index fell 0.6 percent to 15,670 points.



Time Added: 2018-08-02 10:58:58
Source: arabfinance
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