Corporate earnings lift UAE – News of Bahrain- DT News

Corporate earnings lift UAE – News of Bahrain- DT News

The Abu Dhabi index ended 0.2pc higher, supported by a 7.2 per cent surge in International Holding Company before its board meeting on Wednesday to approve fiscal-year earnings.. Dubai's main share index edged up 0.1pc, ending four days of losses as National Central Cooling Co (Tabreed) jumped 6.3pc, its biggest intraday gain since December 2018.. Saudi's benchmark index slipped 0.2pc as Jarir Marketing declined 2.6pc.. Arab National Bank was down 1.7pc.. Metlife AIG ANB plunged 5.2pc after its shareholders approved a merger with Walaa Cooperative Insurance.. The Qatari index eased 0.6pc.. Egypt's blue-chip index was down 0.1pc, hurt by a 1.3pc drop in Talaat Mostafa Holding.. The index got some support from Telecom Egypt, which soared 10pc, its biggest gain since April 2009, on reports that Vodafone Group might sell its stake in its Egyptian unit, Vodafone Egypt.. Telecom Egypt said on Sunday it had no intention of selling its 45pc stake in Vodafone Egypt..