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Thursday, 13 April 2017

MIDEAST STOCKS-Positive mood fades as investors book profits in early trade | Reuters

MIDEAST STOCKS-Positive mood fades as investors book profits in early trade | Reuters:

"Stock markets in the Gulf erased some of the previous session's gains in early trade on Thursday as some of the optimism generated by generally positive first quarter results faded. Saudi Arabia's index was down 0.1 percent, after rising 0.9 percent on Wednesday on the back of banking shares after Saudi British Bank reported an earnings beat. The positive mood failed to keep markets afloat even after another lender, Banque Saudi Fransi, reported first-quarter results ahead of estimates after Wednesday's market close."



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