Earnings boost Saudi index oil weighs on other markets

Saudi Arabia’s benchmark index finished 0.9% higher, buoyed by a 4.1% rise in Riyad Bank while Etihad Etisalat Company jumped 4.5%. The telecom firm reported quarterly net profit after zakat and tax 465 million riyals ($124 million), up from 319 million riyals year ago. Elsewhere, Savola Group concluded 4.7% higher,…Read More

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