(MENAFN) Listed companies on the Saudi stock market reported USD6.050 billion net income in the three months to the end of 2013, according to Arab News
Sectors that gained the highest earnings were petrochemical industries, real estate development, and banks and financial services
John Sfakianakis, chief investment strategist at Masic in Saudi Arabia, said: "Listed companies have done very well in 2013 and net income exceeded the SR100 billion level for the first time and reached SR103 billion. This is very good news.
Sfakianakis added: "Given the solid macro fundamentals and the additional liquidity that we continue to see, I won't be surprised if TASI continues to show resilience.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.