MIDEAST STOCKS-UAE mkts falls after mixed earnings; Saudi extends fall | Reuters:
"Mixed earnings in UAE triggered marginal profit-taking on Tuesday while Saudi Arabia's bourse declined for a third consecutive session after its largest-listed firm reported earnings that disappointed investors.
Abu Dhabi's telecom operator Etisalat weighed on the bourse and dampened sentiment after it reported an 18 percent drop in third-quarter profit and fell short of analysts' forecast.
Large-cap First Gulf Bank fell 1.5 percent after reporting earnings that matched estimates.
Abu Dhabi's measure slipped 0.7 percent, but it lacks direction as it remains in a 100-point range for the last four weeks."
'via Blog this'
No comments:
Post a Comment