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Thursday, 4 May 2017

MIDEAST STOCKS-Gulf dips in early trade following global markets, oil lower | Reuters

MIDEAST STOCKS-Gulf dips in early trade following global markets, oil lower | Reuters:

"Stock markets in the Gulf pulled back in early trade on Thursday, following global bourses and oil down, though some shares outperformed in response to corporate earnings.

Riyadh's index was down 0.3 percent after half an hour of trade as 95 shares declined and 22 rose.

National Shipping Company (Bahri) rose 0.6 percent; the crude oil transporter reported quarterly net income of 378.9 million riyals ($101 million), down 38.2 percent from a year ago.

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