Sunday 31 March 2019

MIDEAST STOCKS- #AbuDhabi slips further, banks support #Saudi market | Reuters

MIDEAST STOCKS-Abu Dhabi slips further, banks support Saudi market | Reuters:

Stock markets in the Gulf were mixed on Sunday with Abu Dhabi experiencing losses after some shares traded ex-dividend last week, while the Saudi market was lifted by the banking sector.

The Saudi index added 0.4 percent, with Al Rajhi Banking & Investment Corporation up 1.7 percent and registering the highest trading volume on Sunday.

In a research note, Dubai-based Arqaam Capital said it expects credit growth to strengthen in Saudi Arabia this year, a positive for the banking sector.

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