Wednesday, 1 May 2019

MIDEAST STOCKS-Cement makers stir #Saudi stock rally, #Dubai slips - Reuters

MIDEAST STOCKS-Cement makers stir Saudi stock rally, Dubai slips - Reuters:

Saudi Arabia's stock market gained on
Wednesday, lifted for a second session by a results-driven rally
in cement producers, while Dubai's slipped after Emaar
Properties traded ex-dividend and its shares hit a one-month
low.

Saudi Arabia's index rose 0.6 percent, with Umm Al
Qura Cement the top gainer with a 9.9 percent leap
after reporting a significant rise in first-quarter net profit.

Most Saudi cement producers gained for the second straight
day after strong first-quarter results, driven by higher selling
prices and volume.

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