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Monday, 31 July 2017

MIDEAST STOCKS-Saudi dips on weak Q2 while blue chips support Dubai

MIDEAST STOCKS-Saudi dips on weak Q2 while blue chips support Dubai:

"Saudi Arabia's stock market index recorded its sixth straight session of declines on the back of weak second-quarter corporate earnings, but Dubai outperformed a weaker region as bluechips rose. The Riyadh index slipped 0.3 percent as shares of milk and yoghurt maker Saudi Dairy Foodstuff Co fell 1.3 percent after it reported a 5.2 percent drop in second quarter net profit. Its peer Aljouf Agricultural Development dropped 4.8 percent after its second-quarter net income shrunk by two-thirds on the year."



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