Monday 11 April 2016

MIDEAST STOCKS-Gulf bourses wobble in early trade | Reuters

MIDEAST STOCKS-Gulf bourses wobble in early trade | Reuters:

"Stock markets in the Gulf wobbled in early trade on Monday as investors cashed out of stocks in anticipation of earnings season.

Riyadh's index edged down 0.2 percent, as Saudi Basic Industries, the largest listed stock on the bourse, dropped 0.1 percent ahead of its scheduled ex-dividend date on Tuesday.

Almarai, which jumped 3.6 percent after reporting on Sunday a slight rise in first-quarter net profit in a challenging market, fell back 0.4 percent."



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