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Sunday, 6 August 2017

MIDEAST STOCKS-Saudi and Dubai trade sideways, Qatar underperforms

MIDEAST STOCKS-Saudi and Dubai trade sideways, Qatar underperforms:

"Stock markets in Saudi Arabia and Dubai were flat on Sunday after a mixed group of Saudi corporate earnings, while Qatar underperformed. The Riyadh index barely moved in the first half-hour of trading. Emaar the Economic City fell 1.1 percent after it reported an 85.4-percent drop in second-quarter net profit to 35 million riyals, citing a decrease in residential sales and higher financial charges. Al Andalus Property edged down 0.5 percent. It reported second-quarter net profit of 27.6 million riyals, up 11 percent from the same period last year."



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