Gulf markets end mixed on volatile oil, geopolitical tensions [Reuters]
Eastern Company (The) (EML)
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Source: Reuters
Oil prices - which fuel the Gulf's economy - eased slightly as traders weighed simmering geopolitical tensions in several regions with supply outages in the U.S. and returning production in Libya. Tensions rose in the Middle East, where U.S. and British forces carried out a second joint round of strikes on Houthi positions in Yemen on Monday night. In Abu Dhabi, the index (.FTFADGI) , opens new tab dropped 0.3%, hit by a 0.5% fall in conglomerate International Holding Co (IHC.AD) , opens new tab According to Abdelhadi Laabi, Chief Marketing Officer at KAMA Capital, the Abu Dhabi bourse was affected by fluctuations in oil prices and ongoing geopolitical tensions. "While price corrections could continue for some time, the market could stabilize if conditions improve and return to its uptrend over the last few months." The Qatari benchmark (.QSI) , opens new tab eased 0.1%, with the Gulf's biggest lender, Qatar National Bank (QNBK.QA) , opens new tab losing 1.1%. Saudi Arabi
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EML
Analyst Actions
- 3/21/24 - TheStreet
EML
Sec Filings
- 4/26/24 - Form 8-K
- 3/20/24 - Form 4
- 3/19/24 - Form 4
- EML's page on the SEC website