Tag Archives: STOCKS

MIDEAST STOCKS-Banks pull Qatar higher, big Mobily loss weighs on Saudi

Banks pulled Qatar’s stock market higher in early trade on Monday while Saudi Arabia’s market edged down after a string of second-quarter earnings, with telecommunications firm Mobily plunging on a bigger-than-expected loss. The Qatari index added 0.4 percent as Qatar National Bank climbed 1.0 percent and Masraf Al Rayan rose 0.8 percent. Qatar International Islamic Bank gained 1.4 percent after …

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MIDEAST STOCKS-Gulf wilts in early trade as Brexit risk saps sentiment

Stock markets in the Gulf edged down in early trade on Thursday after international bourses and oil markets slipped, partly because of fears that Britain might leave the European Union in next week’s referendum. Local day traders sold speculative Saudi Arabian shares. The insurance sector dropped 0.8 percent and was the main drag on Riyadh’s index , which had edged …

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