Wednesday 9 January 2019

MIDEAST STOCKS-Banks lift #Saudi, property stocks aid #UAE | Reuters

MIDEAST STOCKS-Banks lift Saudi, property stocks aid UAE | Reuters:

The Saudi stock market inched up in early trading on Wednesday as its bank shares gained, while most Gulf markets were firm in quiet trading ahead of corporate earnings announcements next week.

Saudi Arabia’s main index was up 0.1 percent, with Al Rajhi Bank rising 0.2 percent and Samba Financial Group increasing 0.6 percent.

Al Ahsa Development gained 3 percent after signing an agreement to buy a 25 percent stake in Twareat Medical Center for 15 million riyals.

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