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KUWAIT * The index added 0.8 percent at 5,333 points.ĮGYPT * The index rose 1.3 percent to 13,214 points. Blue Streak Fabrication is a metal working and welding company that provides welding and sheet metal construction as well as other services. QATAR * The index was flat at 10,356 points. ABU DHABI * The index slid 0.2 percent at 4,960 points. DUBAI * The index fell 1 percent at 2,700 points. SAUDI ARABIA * The index rose 0.6 percent at 7,573 points. Qatar was flat with telecommunications firm Ooredoo the top gainer, increasing 1.7 percent. Volume on Tuesday was light.Ību Dhabi’s index edged down 0.2 percent with Dana Gas falling 3.4 percent and Abu Dhabi National Energy dropping 3.1 percent in low volume. Saudi Industrial Export has swung widely in speculative trade since early October, and on Monday posted its largest trading volume since April 2013. Saudi Industrial Export surged 9.9 percent after Al Jouf Cement extended its sale and marketing contract with the company for a year Al Jouf was up 0.5 percent. Saudi Arabia’s index added 0.6 percent, with Saudi Kayan Petrochemical rising 2.3 percent and Samba Financial Group gaining 1.6 percent. In a one-paragraph statement on Tuesday seeking to clarify the impact, COMI said the proposed tax changes would apply to new Treasury bounds with no retrospective effect, and that the tax rate on earnings from Treasury bonds would stay at 20 percent. The stock had plunged in the last two sessions, partly because investors were worried about authorities’ proposed changes to the way banks’ earnings from Egyptian Treasury bonds are calculated for tax purposes. Blue streak liquidation is located in United States, Bon Air, VA 23235. Commercial International Bank (COMI), the country’s largest lender, ended five straight days of losses to climb 1.4 percent. We carry store returns and overstock liquidations from the top retailers and. Meanwhile, the Egyptian blue-chip index rose 1.3 percent with 25 of its 30 stocks gaining. General investor sentiment is weak and any break of technical support can trigger selling, he added. But he said a rebalancing of MSCI indexes, to go into effect at the end of this week, would result in outflows from stocks in the United Arab Emirates.
