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Sunday, 18 April 2010
Saudi Shares Decline; Banks Alinma, Al-Rajhi and Samba Fall
Saudi Arabian shares fell for the first day in three, driven by banks such as Islamic lender Alinma Bank, which reported a first-quarter loss.
Saudi Arabia’s Tadawul All Share Index declined 0.1 percent to 6,882.01, the lowest in a week.
Alinma reported a first-quarter loss of 75 million riyals, from a profit a year ago. The shares declined for a fifth day, shedding 1.2 percent to 12.45 riyals.
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