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Foreign investment in Egypt treasuries hit $22B end-Dec.       254M shares covered in sub., remaining shares will be reoffered, Beltone says       Egypts Talaat Moustafa to issue its first sukuk in April       Egyptian property developer IWAN eyes higher investments this year       EGX sets price limits of Foodicos right for Tuesday       Sharkia National Food (SNFC.CA) - Board Of Directors Decision       International company For Medical Industries -ICMI (ICMI.CA) - Release Concerning a Clients Shares (NILEX)       Release from Egypt for Poultry (EPCO.CA) Concerning any Material Events       Release from Pharaoh tech for control and communication systems (PTCC.CA) Regarding the Financial Statements (NILEX)       Arab Moltaka Investments Co (AMIA.CA) - Board Of Directors Decisions       Release From Beltone Financial Holding (BTFH.CA.) Concerning the Subscription Coverage Ratio       Egyptian Iron & Steel (IRON.CA) - Decisions of the Board of Directors meeting       UK announces £24M to support Egypt development sectors       Egypt may list its first green bonds in LSE this year       Global stocks stay near record highs; focus turns to central banks, earnings       Egypt signs 9 agreements for oil, gas exploration worth $452M       British Investment Fund to invest $700M in Egypt       CIB signs $100M MoU with British institution CDC       Egypt H1 of FY20 budget deficit 3.8% of GDP – minister       HCCDs contracting to implement EGP1bln infrastructure projects      
ACGC.CA  5.67    1.07%      AFDI.CA  12.02    1.52%      APSW.CA  2.71    1.88%      COMI.CA  73.35    0.87%      EFIC.CA  16.93    1.93%      EGTS.CA  1.55    2.65%      EHDR.CA  5.13    2.40%      EKHO.CA  0.80    -1.23%      ELEC.CA  0.89    3.49%      ELKA.CA  14.98    0.00%      EMOB.CA  128.73    1.83%      EPCO.CA  2.30    0.00%      ESRS.CA  19.59    0.98%      ETEL.CA  13.49    -0.37%      HRHO.CA  23.27    0.00%      IFAP.CA  2.38    2.15%      KABO.CA  1.49    0.68%      MNHD.CA  10.29    1.78%      MOIL.CA  0.28    3.70%      NCGC.CA  6.55    0.00%      OCDI.CA  19.54    0.41%      OCIC.CA  217.47    0.00%      ORTE.CA  4.42    1.38%      PHDC.CA  4.06    1.50%      PIOH.CA  8.47    0.59%      SPIN.CA  2.05    1.49%      SVCE.CA  5.49    2.23%      SWDY.CA  136.72    0.80%      TMGH.CA  10.22    1.89%      UEGC.CA  0.77    1.32%      
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Gulf shares rise as focus shifts to corporate earnings



Gulf stocks traded higher on Monday, extending their rally to a third day, supported by easing U.S.-Iran tensions and ahead of corporate earnings.
The stock markets across the Gulf had fallen sharply on Jan. 8 after Iran retaliated against the U.S. drone strike that killed an Iranian commander.
Saudi Arabias index .TASI rose 0.8% as Arab National Bank 1080.SE jumped 4.9% and Banque Saudi Fransi 1050.SE advanced 2.7%.
However, oil giant Saudi Aramco 2222.SE slipped 0.1% to 34.8 riyals ($9.28). Aramco shares have been volatile amid U.S.-Iran tensions and fell to 34 riyals on Jan. 8, its lowest since trading began on Dec. 11.
"GCC corporate profits are expected to increase by around 6.5% this year with profits in Saudi Arabia forecast to be up 7.1%," said Tarek Fadlallah of Nomura Asset Management Middle East, citing a Marmore Research note.
In Qatar, the main index .QSI ended 0.6% higher as the Gulfs largest lender, Qatar National Bank QNBK.QA, increased 1.4% ahead of its earnings announcement on Tuesday.
Qatar Insurance QINS.QA added 1.7% following the appointment of Salem Khalaf Al Mannai as its chief executive officer.
Dubais index .DFMGI gained 0.8% as Emirates NBD ENBD.DU and Dubai Islamic Bank DISB.DU increased 1.9% and 1.1% respectively.
Abu Dhabis index .ADI was up 0.6%, with First Abu Dhabi Bank FAB.AD gaining 0.7% and Abu Dhabi Commercial Bank ADCB.AD rising 1.3%.
But, Egypts blue-chip index .EGX30 slipped 0.8% after three straight days of gains, with market heavyweight Commercial International Bank Egypt COMI.CA shedding 1.2%.
Pioneers Holding PIOH.CA dropped 7.3%, its biggest intraday fall since Sept.22. The financial services provider said its board had approved a share-swap ratio set by a financial adviser for increasing stake in five subsidiaries to 90%.
Egyptian exchange data showed that foreign investors were net sellers.
Stock markets in Kuwait and Oman are closed following the death of Omans Sultan Qaboos bin Said and will resume trading on Tuesday and Wednesday, respectively.
SAUDI ARABIA
.TASI rose 0.8% to 8,441 points
ABU DHABI
.ADI was up 0.6 % to 5,114 points
DUBAI
.DFMGI gained 0.8 % to 2,776 points
QATAR
.QSI added 0.6% to 10,568 points
EGYPT
.EGX30 fell 0.8% to 13,698 points
BAHRAIN
.BAX edged up 0.1 % to 1,602 points

Time Added: 2020-01-14 09:39:38
Source: arabfinance
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