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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News
- Egyptian Inflation Slightly Quickens for a Third Straight Month [Yahoo! Finance Canada]Yahoo! Finance Canada
- Egyptian Inflation Slightly Quickens for a Third Straight Month [Yahoo! Finance]Yahoo! Finance
- The Eastern Co (EML) Q3 2024 Earnings Call Highlights: Strong Sales Growth and Strategic ... [Yahoo! Finance]Yahoo! Finance
- Eastern's Q3 Earnings Surge 36% Y/Y on Packaging Demand [Yahoo! Finance]Yahoo! Finance
- The Eastern Company Announces Timing of Third Quarter Fiscal Year 2024 Earnings Release and Conference CallAccesswire
EML
Sec Filings
- 11/13/24 - Form 3
- 11/8/24 - Form 8-K
- 11/7/24 - Form SC
- EML's page on the SEC website