MIDEAST STOCKS-Gulf moves sideways early on, Ma'aden slips on Q4 loss:
"Gulf stock markets generally moved sideways in early trade on Thursday as blue chip Saudi Arabian Mining Co (Ma‘aden) fell in response to a surprise fourth-quarter loss. The Saudi index edged up 0.2 percent with gainers outnumbering advancers by a ratio of two to one, but Ma‘aden slipped 3.5 percent. 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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