MIDEAST STOCKS-Saudi Arabia stabilises, Egypt edges up | Reuters:
"Saudi Arabia's stock market stabilised on Wednesday, supported by firmer petrochemical shares after oil prices stopped falling, while Egypt's bourse edged up in response to an improved global market environment.
The Saudi stock index was up 0.2 percent in modest turnover after 45 minutes of trade with Saudi Basic Industries adding 0.3 percent.
It and other petrochemical stocks had sagged on Tuesday because of weak oil prices, but on Wednesday, oil was slightly above where it was on Tuesday afternoon in the Gulf, with Brent crude just above $48 a barrel."
'via Blog this'
No comments:
Post a Comment