Sunday 1 April 2012

MIDEAST STOCKS-Petchems help extend Saudi rally; Gulf mostly up - Yahoo! News UK

Saudi Arabian petrochemical stocks led gains on the bourse, which rallied for a seventh session in eight on Sunday as earnings expectations buoyed confidence and most other Gulf markets rose on an upbeat global backdrop.
Bellwether Saudi Basic Industries Corp. rose 1.6 percent, Yanbu National Petrochemical climbed 5.3 percent and National Industrialization (Tasnee) added 2.3 percent.
The kingdom's index rose 0.7 percent to its highest level since September 2008.

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