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Wednesday, 12 July 2017

MIDEAST STOCKS-Saudi retail sector lifts market, Dubai, Qatar supported by banking shares | Reuters

MIDEAST STOCKS-Saudi retail sector lifts market, Dubai, Qatar supported by banking shares | Reuters:

"Shares of retailers were the chief gainers in Saudi Arabia in early trade on Wednesday, the property sector helped Dubai and Qatar was buoyed by blue chips such as Qatar National Bank. The Riyadh index was up 0.7 percent as electronics seller United Electronics continued to rally in heavy trade as investors gained confidence in the company after it reported a near quadrupling in second quarter results, its board recommended a cash dividend for the first time since 2015, and on comments by its chief executive to local media that it plans to expand its online footprint. Extra's chief competitor Jarir was up 2.3 percent."



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