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Saturday 3 November 2012
Saudi Stock Market close - November 3, 2012
STOCKS NEWS MIDEAST-Saudi shares edge up after holiday - Yahoo! News Maktoob
Saudi shares close up 0.14 percent after rallying from a late-morning dip on Saturday, despite slight losses in petrochemical and banking stock on the first trading day after Eid al-Adha.
The all-share had dropped 0.39 percent in late morning trading but rallied steadily throughout the day.
Petrochemical shares dip 0.08 percent and banking shares 0.41 percent as heavyweight Saudi Basic Industries Corp (SABIC) drops 0.28 percent and Al Rajhi Bank loses 0.71 percent.
The all-share had dropped 0.39 percent in late morning trading but rallied steadily throughout the day.
Petrochemical shares dip 0.08 percent and banking shares 0.41 percent as heavyweight Saudi Basic Industries Corp (SABIC) drops 0.28 percent and Al Rajhi Bank loses 0.71 percent.
Dubai Financial Market Co says third quarter loss narrows - Yahoo! News Maktoob
Dubai Financial Market Co's third-quarter net loss narrowed to 1.7 million dirhams ($463,000) from 9.3 million in the same period last year, the company said on Saturday, citing increased trading activity.
The publicly owned company, which runs securities trading in Dubai, said its third-quarter revenue grew to 36.8 million dirhams, compared to 31.7 million dirhams a year ago in an emailed statement.
Its net profits for the first nine months of 2012 more than quadrupled to 38.9 million dirhams compared to last year, the company said, citing new income from its margin trading business.
The publicly owned company, which runs securities trading in Dubai, said its third-quarter revenue grew to 36.8 million dirhams, compared to 31.7 million dirhams a year ago in an emailed statement.
Its net profits for the first nine months of 2012 more than quadrupled to 38.9 million dirhams compared to last year, the company said, citing new income from its margin trading business.
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