MIDEAST STOCKS-Saudi Arabia up on banks, other Gulf shares lower - Reuters:
Stocks in Saudi Arabia gained on Sunday after lenders such as Riyad Bank rose due to strong earnings, while markets across the rest of the Gulf region traded lower.
Saudi stocks were up 0.23 percent, boosted by Riyad Bank, which added 2 percent, while Al Rajhi Bank gained 0.1 percent. Both banks posted a jump in first-quarter net profits last week.
However, Samba Financial Group was down 1.42 percent after last week it said its profits fell 7.4 percent year-on-year, missing analyst estimates.
No comments:
Post a Comment