Google+ Followers

Wednesday, 26 July 2017

MIDEAST STOCKS-Gulf markets quiet, activity focuses on smaller stocks

MIDEAST STOCKS-Gulf markets quiet, activity focuses on smaller stocks:

"Gulf stock markets moved little in quiet, early trade on Wednesday, with much activity in Saudi Arabia and Dubai focusing on second- and third-tier stocks.

The Saudi index edged down 0.1 percent in the first half-hour as Saudi Printing and Packaging, the most heavily traded stock, rose 3 percent.

Saudi British Bank edged up 0.4 percent after posting a 1.9 percent drop in its second-quarter net profit to 1.13 billion riyals ($301.4 million), at the high end of the forecasts of analysts, who had on average predicted 1.01 billion riyals."



'via Blog this'