Thursday 14 November 2019

MIDEAST STOCKS-Financials lift #UAE indexes, poor earnings weigh on Egypt - Reuters

MIDEAST STOCKS-Financials lift UAE indexes, poor earnings weigh on Egypt - Reuters:

Stock markets in the United Arab Emirates rose on
Thursday, lifted by banking shares, while a host of disappointing corporate
earnings weighed on Egypt's bourse. 

Egypt's blue-chip index was down 0.4% with foreigners net sellers,
according to Egyptian stock exchange data.

Telecom Egypt fell 1.4% as a drop in third-quarter profit weighed
on the stock. 

Alexandria Mineral Oils fell 4.9%, down for a fourth consecutive
session. On Wednesday, the oil company reported an 87% plunge in first-quarter
profit

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