Sunday 18 April 2010

Saudi Shares Decline; Banks Alinma, Al-Rajhi and Samba Fall



Saudi Arabian shares fell for the first day in three, driven by banks such as Islamic lender Alinma Bank, which reported a first-quarter loss.

Saudi Arabia’s Tadawul All Share Index declined 0.1 percent to 6,882.01, the lowest in a week.

Alinma reported a first-quarter loss of 75 million riyals, from a profit a year ago. The shares declined for a fifth day, shedding 1.2 percent to 12.45 riyals.

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