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Sunday, 9 July 2017

MIDEAST STOCKS-Gulf stocks move little after oil slump | Reuters

MIDEAST STOCKS-Gulf stocks move little after oil slump | Reuters:

"Stock markets in the Gulf moved little in thin trade on Sunday morning after oil prices slid almost 3 percent on Friday and as investors awaited second quarter results.

The Riyadh index was flat after 40 minutes of trade as 97 shares rose and 44 declined.

The petrochemical sector was mixed with shares of polypropylene maker Advanced Petrochemical falling 0.8 percent after reporting a 1 percent increase in second-quarter net profit from the prior year period to 194 million riyals ($51.73 million). NCB Capital had predicted Advanced to make a net profit of 133 million riyals.

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