MIDEAST STOCKS-Emaar Malls, Aramex boost Dubai, MSCI changes roil Egypt [Reuters]
Eastern Company (The) (EML)
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Source: Reuters
MIDEAST STOCKS-Emaar Malls, Aramex boost Dubai, MSCI changes roil Egypt | Reuters Reuters Staff 3 Min Read * Q4 earnings boost Emaar Malls but chart resistance holds * Aramex jumps from near on-year lows on strong Q4 * Riyad Bank climbs after earnings beat estimates * Commercial International Bank drags down Egyptian index * Eastern Co rises, EFG Hermes sinks on MSCI changes By Andrew Torchia DUBAI, Feb 13 (Reuters) - Strong earnings by Emaar Malls and Aramex boosted Dubai’s stock market on Tuesday but most major Middle Eastern bourses were soft, with changes by MSCI to its equity indexes affecting the Egyptian market. The Dubai index added 0.8 percent as Emaar Malls , the emirate’s flagship mall operator, rose 3.6 percent to 2.33 dirhams, although it came off the day’s high after failing a test of technical resistance on the January peaks of 2.38 dirhams. It reported a 27 percent gain in fourth-quarter net profit to 574 million dirhams ($156 million). SICO Bahrain had forecast 499 mi
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EML
News
- 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
- The Eastern Company Announces Timing of Virtual Annual Meeting of Shareholders Accesswire
- Gulf markets slip on Fed rate worries; Saudi climbs [Reuters]Reuters
- Gulf bourses drop; Egypt extends decline [Reuters]Reuters
EML
Analyst Actions
- 3/21/24 - TheStreet
EML
Sec Filings
- 3/20/24 - Form 4
- 3/19/24 - Form 4
- 3/19/24 - Form 4
- EML's page on the SEC website