Monday 28 August 2017

MIDEAST STOCKS-Banks help lift Saudi as neighbouring markets weaken

MIDEAST STOCKS-Banks help lift Saudi as neighbouring markets weaken:

"Banking shares helped to keep Saudi Arabia’s stock market firm in early trade on Monday while the rest of the region continued to weaken in anaemic trade. The Riyadh index rose 0.1 percent after 25 minutes as the two largest banks gained, with National Commercial Bank adding 0.4 percent and Al Rajhi up 0.6 percent. Dubai’s index, which had been the region’s worst performer on Sunday, lost 0.2 percent on Monday morning as 16 shares dropped, including GFH Financial Group down 1.1 percent."



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