Google+ Followers

Thursday, 27 April 2017

MIDEAST STOCKS-Saudi banks strong in light of brewing changes in industry; region subdued | Reuters

MIDEAST STOCKS-Saudi banks strong in light of brewing changes in industry; region subdued | Reuters:

" Shares in two Saudi banks that are in early merger talks moved in opposite directions on Thursday while other regional markets ended the week down as investors had little fresh company earnings and news to reallocate their funds or build positions. Alawwal Bank extended the previous session's 8.6 percent gains, adding 2.2 percent. Shares in Saudi British Bank (SABB), however, slipped 0.9 percent after jumping 6.8 percent on Wednesday. Six other commercial lenders rose, with the largest by assets, National Commercial bank up 1.0 percent. If"



'via Blog this'