MIDEAST STOCKS-Saudi shares rise as NCB gains; financials weigh on Qatar - Reuters:
Saudi stocks rose on Wednesday as the earnings at National Commercial Bank boosted financial stocks. However, financial shares weighed down the Qatar market.
Saudi’s index edged up 0.1%. The country’s biggest bank, National Commercial Bank, gained 0.7% after posting a 24% rise in second-quarter profit, helped by higher fee and commission income and lower expenses.
Saudi banks have benefited from higher interest rates and increased demand for loans to support housing and government-related projects.
No comments:
Post a Comment