MIDEAST STOCKS-Banks, earnings drive Saudi up; other Gulf markets mixed - Reuters:
Major Gulf markets were mixed on Thursday
in lacklustre trading, with banking shares and corporate
earnings making the Saudi index the biggest gainer, while
Egypt's bourse rebounded on gains in financial stocks.
Saudi Arabia's benchmark index was up 0.6%, with Al
Rajhi Bank gaining 1.2% and Samba Financial Group
advancing 3.1%.
Saudi Basic Industries was up 1.1% despite HSBC
slashing its target price to 78 riyals ($20.80) from 80 riyals.
Middle East Healthcare surged 6.1% after posting a
sharp rise in third-quarter net profit. The hospitals operator
attributed the surge to a decrease in general and administrative
expenses.
No comments:
Post a Comment