Thursday 16 July 2015

MIDEAST STOCKS-Gulf markets edge up ahead of Eid holidays | Reuters

MIDEAST STOCKS-Gulf markets edge up ahead of Eid holidays | Reuters:



"Stock markets across the Middle East rose on Wednesday, tracking global equities, as investors prepared for an extended break to mark the Muslim holiday of Eid al-Fitr.



Saudi Arabia's main index climbed 0.7 percent despite mixed second-quarter earnings and a pull-back in oil prices.



Petrochemicals giant Saudi Basic Industries Corp (SABIC) rose 1.9 percent after subsidiary Yanbu National Petrochemical Co (Yansab) reported a 63 percent fall in second-quarter net profit on Tuesday but just beat analysts' forecasts."



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