Saudi stocks end week positive but there's gloom elsewhere
Saudi Arabia's stocks rode a sixth day of positive sentiments from robust corporate earnings and oil's rally. But other Gulf markets were lacklustre with stocks moving sideways amid a flood of company results. Saudi Arabia's benchmark index gained 0.5 per cent to 8,944 points, closing out the week 3.8 per cent higher in what is its best performance year-to-date. The weekly gains come after three weeks of losses amid fresh virus-related curbs in the kingdom. Four-fold profits Saudi Investment Bank inched up 0.8 per cent to trade at SR16.1 after it posted a four-fold jump in full-year net pr...
Source: gulfnews.com