Gulf to Consolidate, Some Saudi Earnings Weak; Dubai Charts PositiveSource: www.export-egypt.com 7/24/2017, Location: Middle East |
|
|
|
Gulf stock markets look set to consolidate because of a lack of fresh, positive factors while a couple of weak earnings in Saudi Arabia may cap that market.
Dubai's index remains short-term bullish technically, however. MSCI's broadest index of Asia-Pacific shares outside Japan is down 0.2 percent while oil prices have barely moved. Saudi Arabia's National Commercial Bank, the kingdom's largest lender, reported a 0.9 percent fall in second-quarter net profit to 2.42 billion riyals ($645.30 million) as a drop in operating expenses was offset by lower operating income; SICO Bahrain had forecast 2.63 billion riyals. Meanwhile, telecommunications firm Etihad Etisalat Dubai is technically bullish, however; the index, last at 3,596 points, has held support at the April peak of 3,573 points for the last several days, showing a good chance of a rise off that base. |
|
Financials and Investment News in United Arab Emirates >> |
Egypt >> 11/9/2024 - South Korean Ambassador to Cairo Kim Yonghyon praised steps taken by the Egyptian government to attract foreign direct investment.
South Ko... |
Egypt >> 11/9/2024 - Chairman of the Egyptian Financial Regulatory Authority (FRA) Mohamed Farid took part in the International Organization of Securities Commissions (IOS...
|
Egypt >> 11/9/2024 - Minister of Housing, Utilities and Urban Communities Sherif el Sherbini had a meeting with Cameroon's Minister of Housing and Urban Development Celest...
|
Egypt >> 11/9/2024 - The Micro, Small and Medium Enterprise Development Agency (MSMEDA) is cooperating with the World Bank (WB) to upgrade the Egyptian Entrepreneurship ec...
|
Egypt >> 11/9/2024 - Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel el Wazir had a meeting with Hayrettin Akgun Okay, CEO of...
|
Egypt >> 11/9/2024 - Minister of Planning, Economic Development and International Cooperation Rania el Mashat said that 42% of the public investments of the plan of the cu...
|
United Arab Emirates Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | |