Saturday 15 December 2012

STOCKS NEWS MIDEAST-Saudi stocks rise in early trade - Yahoo! News Maktoob

Saudi shares opened with gains in all sectors after oil prices rose on Friday and King Abdullah left hospital on
Thursday, easing stock market concerns over the ruler's health.
Oil prices rose on Friday on expectations for improved demand in China after data showed the manufacturing sector in the world No. 2 oil consumer expanded in December at its fastest pace in more than a year.
The stock market dipped last month after King Abdullah had back surgery. The 89-year-old ruler has pushed cautious economic and social reforms.

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