Sunday, 8 April 2018

Saudi stays positive, Gulf mostly quiet | ZAWYA MENA Edition

Saudi stays positive, Gulf mostly quiet | ZAWYA MENA Edition:

"Gulf stock markets were generally quiet in early trade on Sunday although Saudi Arabia stayed positive after beginning to rebound late last week from several days of profit-taking.

The Saudi stock index was up 0.2 percent in the first hour as Bank Aljazira climbed 3.6 percent after saying its rights issue of 300 million shares had been 90 percent subscribed at the end of the subscription period.

Loss-making home furnishings maker Al Sorayai Trading, which jumped last week as its chief executive resigned, added a further 6.0 percent."



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