MIDEAST STOCKS-Mobily weighs on Saudi, Egypt edges up - Yahoo Maktoob News:
"Saudi Arabia's stock market fell in early trade on Tuesday after telecommunications operator Mobily posted a first-quarter loss, while Egypt's bourse started recovering.
The main Saudi index fell 0.6 percent and Mobily was the main drag, tumbling 8.0 percent.
The firm, whose earnings restatement scandal led to the departure of its chief executive earlier this year, missed analysts' forecasts widely as it swung to a 199 million riyal ($53.1 million) net loss in the first quarter."
'via Blog this'
No comments:
Post a Comment