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Tuesday, 9 May 2017

MIDEAST STOCKS-Markets creep higher, Saudi gets boost from Jarir's strong Q1 results | Reuters

MIDEAST STOCKS-Markets creep higher, Saudi gets boost from Jarir's strong Q1 results | Reuters:

"Shares of companies that beat quarterly earnings estimates outperformed on Tuesday with electronics and bookstore retailer Jarir helping lift the mood on the Saudi Arabian exchange. Markets across the region rose modestly in thin trade. Shares of Jarir surged 6 percent to 141.0 riyals in the heaviest volumes in two weeks after it reported a 26.5 percent rise in first quarter net profit, beating analysts' forecasts."



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