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Tadawul market advanced halted, bank earnings season in full swing

: Tuesday, July 08 - 2014 @ 20:11

The Saudi Stock Exchange’s TASI index finished Tuesday trading (July 8) unchanged at 9,779.60 points.

Several banks published their results for the first six months in 2014.

Banque Saudi Fransi reported a 20.33 per cent jump in net income to SAR1.740 billion ($469.7 billion). Its shares went up by 0.27 per cent to close at SAR33.10.

Bank Al-Bilad closed 0.22 per cent higher at SAR45.30 after the lender said it earned a net profit amounting to SAR378 million ($102.06 million), up 18.72 per cent year on year.

Islamic bank Alinma recorded a 29.59 per cent increase in semi-annual profits, amounting to SAR600 million ($163.62 million). The share price, however, did not react. Alinma Bank closed even at SAR18.90.

Gérard Al-Fil


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Tuesday, July 8- 2014 @ 20:11 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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