Monday 18 February 2019

Mideast Stocks: Banks lift #Saudi, #UAE markets slip as earnings impact fades | ZAWYA MENA Edition

Mideast Stocks: Banks lift Saudi, UAE markets slip as earnings impact fades | ZAWYA MENA Edition:

Saudi Arabia's stock market rose in early trading on Monday as financial stocks gained while UAE stock markets fell back as impact from strong earnings by real estate firms in particular faded.

Saudi Arabia's index rose 0.2 percent with Al Rajhi Bank gaining 0.8 percent.

Arab National Bank rose 1.3 percent after it reported a full-year net profit of 3.31 billion riyals ($882.62 million) versus 3.03 billion riyals a year earlier.

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