Wednesday 1 June 2016

MIDEAST STOCKS-Saudi weakens in early trade, rest of Gulf mixed | Reuters

MIDEAST STOCKS-Saudi weakens in early trade, rest of Gulf mixed | Reuters:

"Shares in Saudi Arabia fell in early trade on Wednesday, dragged down by petrochemicals and banks, while other Gulf bourses were mixed.

Riyadh's index was down 0.2 percent after an hour. Yanbu National Petrochemicals (Yansab) and National Commercial Bank fell 0.2 and 0.7 percent respectively.

On Tuesday, Yansab had surged 6.5 percent after its board recommended the distribution of higher dividends for the first half of this year compared to last."



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