Mideast Stocks Drop Despite $47 Billion of Central Bank Aid [Yahoo! Finance News]
Eastern Company (The) (EML)
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Source: Yahoo! Finance News
) -- Most equity markets in the Middle East fell on Sunday, despite efforts by central banks across the region to protect economies from shocks related to the coronavirus and plunging oil prices. Dubai’s main index fell 3.4% by the close and Abu Dhabi’s dropped 1.9%, even after the United Arab Emirates announced 100 billion dirhams $27.2 billion) of monetary stimulus over the weekend. Egyptian stocks had their worst day since 2012, weakening more than 9%. The gauge in Saudi Arabia also traded lower. The U.A.E.’s Targeted Economic Support Scheme includes 50 billion dirhams of zero-interest, collateralized loans for banks. In addition, lenders will be allowed to reduce their capital buffers, which will inject 50 billion dirhams of liquidity. “I remain focused on the demand side,” Ali Taqi, the head of equities at Rasmala Investment Bank in Dubai, said in an interview with TV. “How are you going to stimulate demand? Restaurants, cafes are a lot emptier now. Having a relief is good, but
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EML
News
- The Eastern Company: Working Towards Expanding Margins [Seeking Alpha]Seeking Alpha
- The Eastern Company Declares 335th Consecutive Quarterly Cash Dividend [Yahoo! Finance]Yahoo! Finance
- The Eastern Company Declares 335th Consecutive Quarterly Cash DividendAccesswire
- The Eastern Company Announces Timing of First Quarter Fiscal Year 2024 Earnings Release and Conference CallAccesswire
- With 52% ownership of the shares, The Eastern Company (NASDAQ:EML) is heavily dominated by institutional owners [Yahoo! Finance]Yahoo! Finance
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