Saudi bourse extends losses on lacklustre earnings; Egypt gains By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 02 2025
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Should l Buy ?
Source: Investing.com
Saudi Arabia's Stock Market Performance: The Saudi stock market declined by 0.6% for the fourth consecutive session, influenced by disappointing corporate earnings from major banks like Al Rajhi and Riyad Bank, as well as a missed profit estimate by the Saudi Tadawul Group.
Egypt's Stock Market Recovery: In contrast, Egypt's stock index rose by 0.8%, driven by positive earnings reports from companies such as Commercial International Bank and Fawry for Banking Technology, alongside a significant increase in the M2 money supply year-on-year.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
