Tuesday, 7 May 2019

MIDEAST STOCKS-Oil, geopolitical tensions weigh on #Saudi; most Gulf markets down - Reuters

MIDEAST STOCKS-Oil, geopolitical tensions weigh on Saudi; most Gulf markets down - Reuters:

Saudi Arabia's stock market fell on Tuesday for the fourth
straight day, weakened by a combination of lower oil prices and geopolitical
tension in the Middle East, while Egypt's blue-chip index was buoyed by its
largest lender.

The Saudi index was down 0.8 percent. The country's second-largest
lender by assets Al Rajhi Bank lost 1.1 percent and National
Commercial Bank shed 2.3 percent. 

Alawwal Bank eased 1.8 percent after reporting a fall in its
first-quarter net profit due to higher costs.

No comments:

Post a Comment