Sunday 8 April 2018

MIDEAST STOCKS-Saudi up, Kuwait rebounds; new ownership caps lift some Qatar stocks | ZAWYA MENA Edition

MIDEAST STOCKS-Saudi up, Kuwait rebounds; new ownership caps lift some Qatar stocks | ZAWYA MENA Edition:

"The Saudi Arabian stock market remained in positive territory on Sunday after rebounding late last week from several days of profit-taking, while a pullback by two blue chips dragged down Abu Dhabi. The Saudi stock index .TASI closed up 0.2 percent. Food and beverage company Almarai 2280.SE added 3.5 percent after announcing first-quarter net profit of 344 million riyals ($91.7 million) against 328 million riyals last year.  Loss-making home furnishings maker Al Sorayai Trading 1213.SE was the best performer, adding a further 10 percent after it jumped last week as its chief executive resigned."



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