Sunday 28 October 2018

MIDEAST STOCKS-Saudi consolidates as Abu Dhabi outperforms mixed Gulf | Reuters

MIDEAST STOCKS-Saudi consolidates as Abu Dhabi outperforms mixed Gulf | Reuters:

Saudi Arabia’s stock market consolidated recent gains to close lower on Sunday, while other regional markets were mixed.

Saudi’s main index lost 0.4 percent having ended the previous day’s trading at its highest level in two weeks.

Blue chip Saudi Basic Industries Co. (SABIC) closed down 1.9 percent after reporting a 5.4 percent rise in third quarter net product, which was slightly above analysts forecasts.

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