10-04-2016 09:08 via news.yahoo.com

BUZZ-Almarai rises after Q1 earnings, heading to technical resistance

** Shares in Almarai rise 1.8 percent to 57.25 riyals ** On Sunday it reported 0.65 percent rise in first-quarter net profit of 308.5 million riyals ($82.3 million); it made 306.5 million riyals in the year-earlier period. ** Five analysts polled by Reuters had forecast on average that Almarai would make a quarterly profit of 302 million riyals. ** Riyad Capital has rated the stock a "hold" with a target price of 53.00 riyals and JP Morgan also assigned the dairy giant a "neutral" but with a tar
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