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Sunday, 5 March 2017

MIDEAST STOCKS-Gulf bourses edge down in thin trade, Kuwait outperforms | Reuters

MIDEAST STOCKS-Gulf bourses edge down in thin trade, Kuwait outperforms | Reuters:

"Most Gulf bourses edged down in light, early trade on Sunday, while Kuwait outperformed on the back of financial stocks.

Saudi Arabia's index inched down 0.1 percent in the first 15 minutes of trade. Banks were weak with heavyweight National Commercial Bank declining 0.5 percent.

Al Sagr Cooperative Insurance dropped 2.6 percent after the board recommended a cash dividend for 2016 of 2 riyals per share, the same payout as for the prior year."



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