DUBAI, April 18 Gulf bourses may have a soft
tone on Tuesday after global equities prices slipped, while the
latest Saudi Arabian first-quarter bank earnings are mixed.
MSCI's broadest index of Asia-Pacific shares outside Japan
is down 0.5 percent on North Korean tensions,
while oil prices have barely moved.
Saudi Arabia's National Commercial Bank, the
kingdom's largest lender, reported a 2.7 percent rise in
first-quarter net profit to 2.70 billion riyals ($720
million); SICO Bahrain had forecast 2.39 billion riyals.
But Alawwal Bank made a profit of 324.0 million
riyals, down from 511.5 million riyals a year earlier. NCB
Capital had projected 376 million riyals and EFG Hermes, 443
Elsewhere, Commercial Bank of Qatar may see
selling after it reported a 66.7 percent drop in first-quarter
net profit as bad debt charges rose sharply.
(Reporting by Andrew Torchia)