Thursday 25 February 2016

MIDEAST STOCKS-Saudi, Egypt up in early trade but volumes low | Reuters

MIDEAST STOCKS-Saudi, Egypt up in early trade but volumes low | Reuters:

"Saudi Arabia's stock market rose in early trade on Thursday as local traders accumulated shares in small and mid-cap stocks, while Egypt edged up in thin trading volumes.

Riyadh's index added 0.7 percent with Tihama Advertising and insurer Alinma Tokio Marine each jumped over 5.0 percent.

Abdulmohsen Al Hokair Group added 2.6 percent after the tourism company announced a cash dividend of 1.25 riyals per share for the second half of 2015, taking the total for last year to 2.5 riyals per share, in line with 2014 payouts. Some other Saudi firms have been cutting dividends as the economy slows and funding becomes more difficult."



'via Blog this'

No comments:

Post a Comment