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Tuesday, 17 January 2017

MIDEAST STOCKS-Oil shares knock Saudi, Qatar bolstered by banks | Reuters

MIDEAST STOCKS-Oil shares knock Saudi, Qatar bolstered by banks | Reuters:

"Weakness among petrochemical producers sent Saudi Arabia stocks lower on Tuesday while Qatar was buoyed by its banking sector.

Saudi Arabia's index edged down 0.2 percent in the first 25 minutes of trade after dropping 1.6 percent on Monday. Saudi Industrial Investment Group fell 3.2 percent.

Dallah Healthcare slipped 0.3 after the company reported a 4.8 percent drop in fourth-quarter net income, citing higher amortisation charges and higher marketing expenses."



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