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Suez Cements standalone loss reachs EGP 95M in 1Q2019       Suez Cement (SUCE.CA) - Board of Directors Meeting Decisions       Release from Commercial International Bank (Egypt) (COMI.CA) Concerning the EGM       Release from Torah Cement (TORA.CA) Concerning The Call Of The EGM       Marseille Almasreia Alkhalegeya For Holding Investment (MAAL.CA) Release From FRA (NILEX)       Alexandria Containers profits down 21% in 10 months       El-Nile Pharmaceuticals posts EGP 16M profit in 10 months       Release from Egyptian for Tourism Resorts (EGTS.CA) Regarding the AGM & EGM       Release from Arabia Investments Holding (AIH.CA) Concerning The Financial Results       Misr Cement (Qena) (MCQE.CA) Cash Dividends       Arabia Investments Holding (AIH.CA) - Board Of Directors Decisions       Arabia Investments profits inch down in Q1       Gold slides to two-week low, faces biggest weekly loss in a month       Co-op Bank, Barclays held failed takeover talks in late 2018       New banking bill to be referred to parlt before end of May: CBE       IMF staff agrees to disburse final $2B tranche of Egypt loan       Dollar exchange rate continues downward trend at Egypts major banks       Egypts exports of fruits, vegetables rise to 2.7M tons       Pharos Research sets Suez Canal Banks fair value at EGP 7/share       Misr Cement declares cash dividends of EGP 0.50/share      
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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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