Wednesday 24 October 2018

MIDEAST STOCKS-Company results lift Saudi market; Abu Dhabi, Dubai and Qatar slip | Agricultural Commodities | Reuters

MIDEAST STOCKS-Company results lift Saudi market; Abu Dhabi, Dubai and Qatar slip | Agricultural Commodities | Reuters:

Saudi Arabia’s stock market took a breather on Wednesday, rising modestly on the back of corporate earnings despite continued investor concern and sell-offs arising from the killing of Saudi journalist Jamal Khashoggi.

The main index edged up by 0.2 percent in early trading, with banks and petrochemical shares gaining.

Saudi Co for Hardware jumped nearly 10 percent after reporting an increase in third-quarter profit.

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