Arab Today, arab today tasi up egypt extends rally
Last Updated : GMT 10:54:55
Arab Today, arab today
Arab Today, arab today

TASI up; Egypt extends rally

Arab Today, arab today

Arab Today, arab today TASI up; Egypt extends rally

Cairo - Arabstoday

Egypt\'s bourse continued its rally on Sunday after a 7 percent surge in the previous session on relief that pro-democracy protests last week took place without major violence, and most Gulf markets ended higher. Some stocks were even briefly suspended after hitting upward price limits, and traders said the market still had to price in bigger gains by the global depositary receipts of some top Egyptian companies.    \"Foreigners are still net buyers in low volume,\" said Omar Darwish of brokerage CIBC. \"There is relief that there was no significant violence over the weekend.\"   Orascom Telecom jumped 4.2 percent and Commercial International Bank ended 3.9 percent higher. Maridive and Oil Services was suspended limit-up after saying it won contracts in Brazil worth $234 million.   The main index rose 2.3 percent to 4,535 points, its fifth consecutive gain. Most Gulf markets were up, but low volumes signaled a lack of a catalyst to spur trading. Real estate stocks helped lift Abu Dhabi\'s index 1.8 percent to 2,433 points. Aldar Properties rose 3.4 percent and Sorouh Real Estate added 2.5 percent. Expectations of strong fourth-quarter results from UAE companies also fuelled investor demand. \"The expectations are strong for fourth-quarter earnings, particularly in the banking sector,\" Marwan Shurrab, vice-president and chief trader at Gulfmena Investments, said.   Qatar and Saudi Arabian bourses also managed to end higher after hiccups early on in the session. Qatar\'s index inched up, despite news that a new investor for United Development Co. had withdrawn its offer amid a dispute over the timing of its investment. UDC shares ended 4.3 percent lower but traders said the outlook for the market was positive. \"I think the momentum is an up momentum, many companies have announced their last year fourth-quarter earnings ... (a) few are in the process of doing so in the very near future, such activities usually help lift the market specially when the announcement are positive news,\" said Yassir Mckee at Al-Rayan Financial Brokerage. \"We will see an increased trading volume as a result of such before things settle down. The major player during the upcoming period will be the Banking sector along with Industrial sector.\" The Tadawul All-Share index climbed 0.3 percent, extending Saturday\'s gains. News that the central bank will play a bigger role in supervision of the financial sector will likely further boost sentiment. However, Dubai\'s index was unable to hold on to gains from earlier in the session and ended 0.3 percent lower at 1,402 points. Bellwether Emaar Properties slipped 1.5 percent and Dubai Financial Market dropped 2 percent.   Investors chose to book profits after last week\'s five straight sessions of advances. Kuwait\'s market and Bahrain\'s bourse ended in positive territory.  

arabstoday
arabstoday

GMT 21:31 2017 Wednesday ,18 October

Bahrain Bourse daily trading performance

GMT 16:08 2017 Saturday ,14 October

US stocks rise on strong retail sales; Europe mixed

GMT 04:42 2017 Saturday ,14 October

Egyptian Bourse gains EGP 2.6 bn

GMT 04:32 2017 Saturday ,14 October

US stocks rise on strong retail sales; Europe mixed

GMT 20:52 2017 Thursday ,12 October

Egyptian Bourse loses EGP 3 bn

GMT 13:12 2017 Thursday ,12 October

Bahrain Bourse daily performance
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today tasi up egypt extends rally Arab Today, arab today tasi up egypt extends rally

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today tasi up egypt extends rally Arab Today, arab today tasi up egypt extends rally

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Writing's on the wall for Trump, Zuckerberg

GMT 09:05 2017 Thursday ,19 October

Writing's on the wall for Trump, Zuckerberg
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday