MIDEAST STOCKS-Saudi extends gains, other markets ease ahead of earnings - Reuters:
Saudi Arabia's stock market rose for a
sixth day with banks leading the rally on the back of a positive
earnings outlook, while most other Gulf bourses fell back as
investors await corporate results.
In Saudi Arabia the Tadawul main index rose 0.3%,
continuing its winning streak for the sixth straight session.
Lately the index has risen on the back of banks after EFG Hermes
forecast a higher second-quarter profit for Saudi lenders.
National Commercial bank added 1.2%, while Riyad
Bank gained 1.6% a day after it traded ex-dividend.
The Dubai index was up 0.4% due to strong real
estate stocks, with Emaar Properties rising 1.7%, and
Dubai Investments jumping 3.1%.
No comments:
Post a Comment