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Sterling falls to 2-1/2 week low on fear of challenge to PM May       Release from Osool Brokerage Securities Co. (EBSC.CA) Concerning the AGM       Release from Egypt Aluminum (EGAL.CA) Concerning a Bid       Osool Brokerage Securities Co. (EBSC.CA) - Board of Directors Meeting Minutes       Release from Alexandria Mineral Oils Company (AMOC.CA) Concerning a Contract       Egypt, Sweden trade exchange amount to $541mn       Egypt, Sweden trade exchange amount to $541mn       Orascom Road Construction implements road projects of $725mn       Domtis investments hit LE880m in 23 production lines       Export Development Bank allocates risk reserve of $9.9m for IFRS9       Release from Osool Brokerage Securities Co. (EBSC.CA) Concerning the AGM       Release from Egypt Aluminum (EGAL.CA) Concerning a Bid       Osool Brokerage Securities Co. (EBSC.CA) - Board of Directors Meeting Minutes       Lafarge Egypt hosts Sustainable Roads Forum on new roads technologies       East Delta Flour Mills (EDFM.CA) - AGM Decisions       EGX announces trading deal on CI Capital shares for LE40 m       Nov 14: Osool ESB Securities OGM to review agreement with Osool Holding       Pioneers Holding (PIOH.CA) - Board of Directors Decisions       Release from Pioneers Holding (PIOH.CA) Concerning the Subscription Coverage Ratio       Misr Cement (Qena) (MCQE.CA) - Board of Directors Decisions      
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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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