Wednesday, 7 November 2018

Mideast Stocks: Most Gulf markets fall, weak earnings drag Saudi | ZAWYA MENA Edition

Mideast Stocks: Most Gulf markets fall, weak earnings drag Saudi | ZAWYA MENA Edition:

Most major Middle Eastern stock indexes opened lower on Wednesday, with Saudi dragged down by a slew of weak earnings, while banks weighed on Qatar for a second consecutive session.

Saudi's main index moved 0.2 percent lower, pressured by an 8 percent fall in Savola Group , which was the biggest drag on the index.

The kingdom's largest food products company posted a quarterly loss compared to a year-ago profit.

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