Saudi Arabia is up and Dubai lags behind for Gulf stocks



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  Saudi Arabia Rises and Dubai Falls to a Mixed Beginning of Gulf Stocks



This came after data showed that the US economy was creating more jobs than expected in June. Source: Reuters

(Reuters) – The Saudi index rose slightly in early trading and gained 0.2%, with United Electronics up 3.5% after that the data showed that the US economy created more jobs than expected in June. Announcement of a net profit of 45.6 million riyals ($ 12.2 million) for the second quarter of the year

The market was led by Al Rajhi Bank and Saudi Basic Industries Corp. . (SABIC), up 0.5% and 0.3% respectively.

Asian stocks rose today after In the economy ahead of the US-China trade war, which analysts say could curb employment.

The Dubai index fell 0.4% with Emaar Properties down 1.4%

Ajman Bank was the brightest point, up 1.7% The bank has said Sunday that net profit rose 54 percent to 45 million dirhams.

The Abu Dhabi index fell 0.3% Abu Dhabi National Building Materials and Building Nchaouat Arkan Materials were the worst performer. The first share fell 6% while the second fell 5%

In Qatar, the index rose 0.2% and Qatar National Bank rose 1.3%, continuing its second day in a row in the second quarter results on Wednesday.

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Date of posting [Jul / 09/2018 9:13] [Date de naissance]

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