Mideast Stocks: Factors to watch - June 25

Punj Lloyd

25/06/2014 04:05

DUBAI, June 25 (Reuters) - Here are some factors that may 
affect Middle East stock markets on Wednesday. Reuters has not 
verified the press reports and does not vouch of their accuracy. 
 
    INTERNATIONAL/REGIONAL 
    * GLOBAL MARKETS-Asian shares wilt, oil prices rise on Iraq 
fears  MKTS/GLOB  
    * Brent rises above $114 on Iraq and supply concerns  O/R  
    * Gold holds near 2-mth high as equities retreat  GOL-RTRS  
    * MIDEAST STOCKS-Dubai plunges 6.7 pct as Arabtec sparks 
margin call frenzy  MEAST-STX  
    * Libyans vote for new parliament in test for transition 
 LY-VOTE  
    * Senegal to launch $200 million Sukuk bond on Wednesday 
-ministry  SN-SUK  
    * Kerry urges Kurds to save Iraq from collapse  IQ-US  
    * U.S. 2015 war-funding request due to go to Congress soon 
-official  US-IQ  
    * OPEC secretary general says no shortage of oil  OPEC  
    * Islamic trade finance fuels rising Gulf reinsurance demand 
-Euler Hermes  ALVG.DE  MEAST-ISLF  
    * Yemen to begin $3.5 billion international road project 
 PUJL.NS  YE-ROAD  
    * Iran seeks to resolve HSBC freeze on some trade financing 
-sources  HSBA.L  IR-BANK  
    * Sukuk will feature in liquidity guidance given to Islamic 
banks -IFSB  ISLF-REGS  
    * Oil firm DNO declares force majeure in Yemen 
 DNO.OL  YE-OILG  
 
    TURKEY 
    * Moody's confirms GarantiBank International's ratings, 
outlook negative  TR-AAA  
    * Fitch Downgrades Leading Privately-Owned Turkish Banks 
 TR-BANK  
    * Turkey's Akbank mandates for lira bonds of up to 10 
billion lira  AKBNK.IS  
    * Turkey cuts main interest rate, resists pressure for sharp 
move  TR-INT  
    * Turkey launches competition investigation into six cement 
firms  TR-JUDIC  
    * Turkish manufacturing confidence falls to 110.7 points in 
June  TR-ECI  
    * Turkish June capacity usage rises to 75.3 percent  TR-ECI  
    * Turkey plans yen-denominated bond this year-official 
 TR-GVD  
    * Turkish ruling party to name presidential candidate next 
week  TR-POL  
    * Turkey's FDI could reach $16 bln in 2014 - Investors 
Association  TR-ECI  
 
    EGYPT 
    * U.S. lawmakers: Egypt's 'descent toward despotism' risks 
U.S. aid  US-EG  
    * Preparing Egyptians for austerity, Sisi cuts own pay 
 EG-POL  
    * Egypt finance minister eyes 10 pct budget deficit for 
coming fiscal year  EG-GFIN  
    * Egypt blocks three Iraqi TV stations from broadcasting 
 EG-IQ-CENS  
    * Egypt to loosen stock market trading restrictions  EG-STX  
    * Egypt's president says will not interfere in judicial 
rulings  EG-POL  
    * Egypt's domestic wheat harvest purchases at 3.7 mln T 
-state media  EG-WHT  
 
    SAUDI ARABIA 
    * Saudi bourse posts 37 pct drop in 2013 profit in debut 
disclosure  SA-STX  
    * Saudi remains committed to supplying market with extra oil 
if needed -official  SA-OILG  
 
    UNITED ARAB EMIRATES 
    * Former Arabtec CEO says has three offers for his stake 
 ARTC.DU  
    * Borse Dubai refinances $500 mln loan at ultra-cheap rate 
-sources  DFM.DU  
    * Hasan Ismaik resigns as chairman of Dubai interiors firm 
Depa  ARTC.DU  DEPA.DI  
    * UAE's Al Hilal Bank to price $500 mln perpetual sukuk 
 AE-SUK  
 
    QATAR 
    * Qatar raises 2014 economic growth forecast to 6.3 pct 
 QA-GDP  
    * Islamic Bank of Britain eyes new business, break-even -CEO 
 MARK.QA  GB-ISLF  
 
    KUWAIT 
    * Kuwaiti telco Wataniya names Thani as new CEO 
 NMTC.KW  ORDS.QA  
 
    OMAN 
    * Middle East Crude-Oman plunges to 5-month low on weak 
demand  OM-CRU  
 
 (Compiled by Dubai newsroom) 
 ((dubai.newsroom@reuters.com)) 
 
Keywords: MIDEAST FACTORS