MIDEAST STOCKS-Gulf markets rise modestly on firm oil prices, global bourses | Reuters:
"Gulf stock markets rose moderately in early trade on Wednesday, encouraged by an overnight jump in oil prices and strength in Asian bourses after strong Chinese trade data. Banks led Saudi Arabia up on positive first-quarter earnings.
The Saudi index climbed 0.5 percent as National Commercial Bank, the biggest lender, rose 2.0 percent. It posted a 1 percent rise in profit to 2.63 billion riyals ($701.5 million). SICO Bahrain had forecast 2.30 billion riyals and Deutsche Bank, 2.23 billion riyals.
Saudi British Bank added 2.3 percent after posting a 2.4 percent rise in profit to 1.14 billion riyals; three analysts surveyed by Reuters had expected an average of 1.01 billion riyals.
"
'via Blog this'
No comments:
Post a Comment