Wednesday 9 May 2018

MIDEAST STOCKS-Saudi market hits 3-week low as geopolitical tensions weigh | Reuters

MIDEAST STOCKS-Saudi market hits 3-week low as geopolitical tensions weigh | Reuters:

"Saudi stocks closed at their lowest level in more than three weeks, while most other Gulf markets were weak, as geopolitical tensions weighed on the market.

The Saudi index dropped 1.7 percent to 7878 points, its lowest level since April 15. Blue-chips Al Rajhi Bank and National Commercial Bank dropped 2.3 percent and 2.2 percent respectively.

Samba Financial Group shed 2.8 percent despite recording a 6 percent rise in first-quarter net profit, meeting analyst forecasts."



'via Blog this'

No comments:

Post a Comment