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Monday, 24 April 2017

MIDEAST STOCKS-Mobily slump weighs on Saudi shares, Alhokair jumps | Reuters

MIDEAST STOCKS-Mobily slump weighs on Saudi shares, Alhokair jumps | Reuters:

"Saudi Arabia's second largest telecoms firm, Mobily, slumped on a disappointing set of first quarter results on Monday, as profit-taking hit other shares. Riyadh's index slipped 0.3 percent, retreating from a 1.0-percent gain in the previous session on Saturday's news that the government had reversed the public sector workers' allowance cut. Consumer cyclical shares, which were the chief performers on Sunday, fell with home improvement retailer Saudi Hardware Company down 1.9 percent."



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