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Stock impact report

Gulf bourses drop; Egypt extends decline [Reuters]

Eastern Company (The) (EML) 
US:NASDAQ Investor Relations: easterncompany.com
Company Research Source: Reuters
Federal Reserve Chair Powell indicated the latest inflation data did not undermine the central bank's baseline outlook. Saudi Arabia's benchmark index (.TASI) , opens new tab was down for a second straight session and dropped 1.3%, with almost all sectors in the red. ACWA Power (2082.SE) , opens new tab fell 3.5% and Saudi National Bank (1180.SE) , opens new tab , the kingdom's largest lender, lost 1.5%. Among other losers, Middle East Pharmaceutical Industries (4016.SE) , opens new tab and Al Rajhi Bank (1120.SE) , opens new tab , the world's largest Islamic lender, slid 7.8% and 1% respectively. Meanwhile, the index gained 3.6% on a quarterly basis. The Qatari benchmark index (.QSI) , opens new tab dropped for a fifth straight session and ended 1% lower with almost all sectors in the negative territory. Qatar Islamic Bank (QISB.QA) , opens new tab and Qatar International Islamic Bank (QIIB.QA) , opens new tab slipped 3.4% and 1.5% respectively, while Qatar Aluminum Manuf Show less Read more
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