MIDEAST STOCKS-Gulf mostly firm but surprise Q4 loss hits Saudi's Ma'aden:
"Gulf stock markets were mostly firm on Thursday but blue chip Saudi Arabian Mining Co (Ma‘aden) fell in response to a surprise fourth-quarter loss. The Saudi index edged up 0.1 percent with gainers outnumbering advancers by 100 to 76. Ma‘aden slipped 4.9 percent to 53.80 riyals in its heaviest trade since November, although it closed well off the day’s low of 52.70 riyals. It posted a net profit of 714.84 million riyals ($190.6 million) in 2017 versus a loss of 10.74 million riyals in 2016; it did not publish fourth-quarter earnings, but Reuters calculations show it made quarterly loss of 104.74 million riyals versus a year-ago profit of 15.67 million riyals."
'via Blog this'
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