Mideast Stocks: Factors to watch on October 20

Asian shares advance on earnings optimism, yen slips to 4-year low

  
An investor looks up at electronic display boards at the Dubai International Financial Market, March 21, 2010. Image for illustrative purposes.

An investor looks up at electronic display boards at the Dubai International Financial Market, March 21, 2010. Image for illustrative purposes.

REUTERS/Ahmed Jadallah

DUBAI - Here are some factors that may affect Middle East stock markets on Wednesday. Reuters has not verified the press reports and does not vouch for their accuracy.

INTERNATIONAL/REGIONAL

* GLOBAL MARKETS-Asian shares advance on earnings optimism, yen slips to 4-yr low  

* Oil remains near multi-year highs as energy crunch persists  

* PRECIOUS-Gold rises as weaker dollar counters U.S. bond yields rally  

* MIDEAST STOCKS-Saudi index hits 15-year peak; Egypt falls on profit-taking  

EGYPT

* Quake felt in Egyptian capital of Cairo -Reuters witnesses 

* Societe Arabe International De Banque To Exit Cairo National Co For Brokerage And Securities

SAUDI ARABIA

* Saudi Arabia issues 8.5 bln riyals in domestic sukuk 

* Moody's Says Arabian Centres' Malls Operating At Full Capacity Is Credit Positive 

* Arabian Internet And Communications Services Qtrly Profit Rises 

* Saudi's Mobily Qtrly Profit Rises

* Saudi Arabian Amiantit Appoints Osama Jasim Al-Onaize As Acting CEO 

* Yamama Cement Qtrly Profit Falls 

UNITED ARAB EMIRATES

* S&P expects weak tourism to weigh on Dubai economy until late 2022 

* Abu Dhabi's tech hub sees surge of interest from start-ups 

* Aramex Resumes Deliveries To And From UAE And Doha 

* Dubai Aerospace Enterprise Bolsters Liquidity Strength With New Financing Actions 

* Sharjah Islamic Bank Board Approves To Raise Foreign Ownership Limit To 40%  

* Dubai's du Qtrly Profit Falls  

QATAR

* Qatar's Medicare Group Nine-Month Profit Rises  

* Qatar forms climate change ministry, appoints finance minister 

(Compiled by Dubai newsroom) ((dubai.newsroom@thomsonreuters.com))


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