MIDEAST STOCKS-Saudis post worst day in a month, Dubai best in nearly a year - Reuters:
Saudi Arabia's stock index suffered it
biggest single-day loss in a month amid a host of poor
earnings, while Emaar Properties pushed Dubai's market to nearly
a year-high.
Saudi's index fell 1.5% in its worst day since June
24, with all banking shares dropping and Al Rajhi Bank
plunging 3% in the biggest drag on the index.
Saudi Basic Industries Co (SABIC), the world's
fourth-biggest petrochemicals firm, shed a further 1.6%,
extending losses from the last session after reporting its
lowest quarterly profit since late 2009.
No comments:
Post a Comment