Saudi shares focus on company financial results, oil prices | ZAWYA MENA Edition:
"The profits of 80 companies listed in the trading of Saudi stocks leaped up to 13.1 percent in 2017, compared to profits they made in 2016. Remaining Saudi companies are expected to announce their financial results during the upcoming weeks. The improved oil prices meanwhile played a significant role in the Saudi stock movement and the financial results of the remaining companies are expected to impact the performance of the Saudi market index in the coming year. The index closed, during last week’s trading, with a slight rise of 0.2 percent, or an equivalent of 15 points, at a level of 7,525 points compared to last week’s 7,510 points. Total trading value of the week reached around SR15.42 billion (USD4.11 billion) compared to around SAR15.5 billion (USD4.13 billion) in the previous week."
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