Browse
related articles
Sabic and Emaar fail to push markets up
- Middle East: Monday, July 21 - 2008 at 09:09
The profits announced by Sabic and Emaar, the two largest companies in terms of market value, have failed to push up the index of the two biggest financial markets in the region and stop the declining trend. Sabic posted its highest ever Q2 profits at SR7.5bn compared to SR6.4bn last year, while H1 profits jumped to SR14.5bn, rising 13%. Despite this Sabic shares rose by only 1.4% and the Tadawul rose by only 0.09% yesterday. Emaar shares also failed to push the UAE market up, even after the company announced a 7% rise in profits to Dhs3.3bn, as analysts were expecting H1 profits to fall. Instead the shares fell by 0.50% to Dhs10 arousing new fears in the market.
Related Content
Article Options
StaffMonday, July 21 - 2008 at 09:09 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
