Sunday 22 March 2015

UPDATE 2-MIDEAST STOCKS-Saudi Arabia edges up despite Savola, Egypt slips | Reuters

UPDATE 2-MIDEAST STOCKS-Saudi Arabia edges up despite Savola, Egypt slips | Reuters:



"Saudi Arabia's stock market edged up in early trade on Sunday after oil extended its rebound, while Egypt's bourse fell.



The main Saudi index added 0.2 percent as investors focused on property stocks. Mecca developer Jabal Omar , up 1.1 percent, was the main support and Emaar Economic City jumped 4.1 percent.



Petrochemicals giant Saudi Basic Industries edged up 0.2 percent after European and U.S. oil benchmarks posted weekly gains on Friday."



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