Major Gulf markets muted as Mideast conflict rages [Reuters]
Eastern Company (The) (EML)
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Source: Reuters
region, while negotiations on a ceasefire plan for the Gaza were set to continue in Cairo. Israeli massed tanks and opened fire close to built-up areas of Rafah, residents said, after U.S. President Joe Biden vowed to withhold weapons from Israel if its forces launch a major invasion of the southern Gaza city. Saudi Arabia's benchmark stock index dropped 1.4%, with all of its constituents posting losses, led by utilities, consumer staples and materials stocks. ACWA Power declined 7.4% and Saudi Arabian Mining slipped 2.7%. Retal Urban Development Co , however, surged 5.3%, the sharpest intraday rise since mid-December 2022 after the developer posted a 50% increase in its first-quarter net profit. In Abu Dhabi, the benchmark index retreated 0.6%, after two straight sessions of gains, with First Abu Dhabi Bank , the UAE's largest lender, dropping 1% and the conglomerate International Holding Company shedding 0.7%. Among other losers, Abu Dhabi National Oil Company for Distribu
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News
- Philip Morris International Announces the Acquisition of a Minority Stake in Egypt-Based Eastern Company [Yahoo! Finance]Yahoo! Finance
- Gulf markets drop on weaker earnings; US inflation data in focus [Reuters]Reuters
- The Eastern Company (NASDAQ:EML) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- The Eastern Company Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- The Eastern Company Reports First Quarter 2024 ResultsAccesswire
EML
Analyst Actions
- 3/21/24 - TheStreet
EML
Sec Filings
- 5/31/24 - Form SD
- 5/20/24 - Form 4
- 5/16/24 - Form 8-K
- EML's page on the SEC website