Home Page Pioneers Holding Website Site Map عربي
CIB calls for EGM to review issuing bonds or subordinated loans       El Orouba Securities incurs 103% loss increase       Release from Heliopolis Housing (HELI.CA) Regarding Extending The Timeline For Receiving Offers       Release from Commercial International Bank (Egypt) (COMI.CA) Regarding the AGM & EGM       UTOPIA (UTOP.CA) - Board of Directors Meeting Minutes (NILEX)       FERCHEM MISR CO. FOR FERTILLIZERS & CHEMICALS (FERC.CA) - Board of Directors Meeting Minutes (NILEX)       FERCHEM MISR CO. FOR FERTILLIZERS & CHEMICALS (FERC.CA) Reports Year Ended 31/12/2019 Results (NILEX)       Release from Abu Dhabi Islamic Bank- Egypt (ADIB.CA) Regarding The AGM & EGM       Release from Egyptian for Tourism Resorts (EGTS.CA) Concerning the Board of Directors & the Executive Managers       Egyptian Satellites (NileSat) (EGSA.CA) - Accountability State Authority       Release from Speed Medical (SPMD.CA) Concerning Stock Dividends (NILEX)       Release from Alexandria Spinning & Weaving (SPINALEX) (SPIN.CA) Concerning The Disclosure Semi-Annual Report       El Orouba Securities Brokerage (EOSB.CA) - Board of Directors Meeting Minutes       Al Tawfeek Leasing Company-A.T.LEASE (ATLC.CA) - Decisions of the Board of Directors Meeting       Egyptian expat remittances up by 12.1% in five months: CBE       Egypts Sisi signs law restructuring Grand Egyptian Museum governance       Oil prices fall as market weighs coronavirus demand impact       HSBC sets new earnings targets after 2019 profit falls 33%       Macroeconomic reforms vital to revival of Egypt       Egypt posts trade exchange $5.3B with the world in 11 months      
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%      
First Name
Last Name
E-Mail
E-Mail
Most major Gulf markets gain on financials; Qatar retreats

Saudi Arabias stock market rose on Wednesday buoyed by heavyweight financial stocks in line with most Gulf bourses, while Qatar bucked the trend.
Saudis benchmark index was up 0.3% in early trade. Riyad Bank gained 1.6%, while Al Rajhi Bank inched up 0.3%.
Economic growth in the Gulf will pick up this year and next, helped by Saudi Arabias investment programme and Expo 2020 in Dubai, although the region will continue to feel the impact of oil output cuts, a Reuters poll showed on Wednesday.
Saudi Arabias economy grew 0.3% in 2019, and is expected to grow 2.0% in 2020 and 2.2% in 2021, the poll of 26 economists, conducted Jan. 7-21, projected.
But state-owned oil giant Saudi Aramco slipped 0.3% to 34.5 riyals. EFG Hermes on Wednesday initiated Aramcos coverage with "neutral" rating, in line with most other brokerages, and set a target price of 34 riyals ($9.06) per share.
Dubais index added 0.3% with logistic firm Aramex advancing 2.7%, while Shuaa Capital opened 1.1% higher.
On Tuesday, Shuaa Capitals offshore unit finalised agreement to manage an investment portfolio of assets valued at about $400 million.
The Abu Dhabi index edged up 0.1% as Aldar Properties and Abu Dhabi Commercial Bank gained 0.9% and 0.4%, respectively.
However, the Qatari index eased 0.2%, hurt by a 1.5% slide in Qatar Electricity and Water and a 0.9% fall in Mesaieed Petrochemical.
Lender Masraf Al Rayan rose a further 0.5%, a day after posting a higher net profit for the year 2019. Source: Reuters

Time Added: 2020-01-23 08:47:30
Source: arabfinance
  print
Send to a friend
Your Name
Your E-mail
Your Friend Name
Your Friend E-mail
Your Message
 
Share on Facebook

Related News
CIB calls for EGM to review issuing bonds or subordinated loans
El Orouba Securities incurs 103% loss increase
Release from Heliopolis Housing (HELI.CA) Regarding Extending The Timeline For Receiving Offers
Release from Commercial International Bank (Egypt) (COMI.CA) Regarding the AGM & EGM
UTOPIA (UTOP.CA) - Board of Directors Meeting Minutes (NILEX)
FERCHEM MISR CO. FOR FERTILLIZERS & CHEMICALS (FERC.CA) - Board of Directors Meeting Minutes (NILEX)
FERCHEM MISR CO. FOR FERTILLIZERS & CHEMICALS (FERC.CA) Reports Year Ended 31/12/2019 Results (NILEX)
Release from Abu Dhabi Islamic Bank- Egypt (ADIB.CA) Regarding The AGM & EGM
Release from Egyptian for Tourism Resorts (EGTS.CA) Concerning the Board of Directors & the Executive Managers
Egyptian Satellites (NileSat) (EGSA.CA) - Accountability State Authority