Driven by positive inputs from U.S. markets and higher oil prices, the Tadawul bourse in Riyadh surged 2.38% and closed at 6,200.26 points. Market and petrochemical bellwether Sabic ended 5.29% higher at SR89.50. Alinma Bank (up 1.38%, closing at SR11.20) announced its interim consolidated financial results for the period ended June 30, 2010. Net income for the second quarter amounted to SR3m, compared to net income of SR68m for the same quarter of previous year with a decrease of 96%, and compared to a net loss of SR75m for the previous quarter. An impressive number of 130 stocks advanced, while seven shares lost value and five ended flat.
You might also like...
McDermott completes financial restructuring exercise
28 March 2024
Region heads for hotel boom
28 March 2024
Lowest bidders emerge for Kuwait housing project
28 March 2024
Redcon wins Red Sea Triple Bay infrastructure deal
28 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.