Tuesday 24 November 2015

MIDEAST STOCKS-Saudi rises, most markets fall on Turkey-Russia tensions | Reuters

MIDEAST STOCKS-Saudi rises, most markets fall on Turkey-Russia tensions | Reuters:

"Buying in some blue-chips lifted Saudi Arabia's stock market on Tuesday but most Middle Eastern markets fell in thin trade because of a lack of positive corporate news and Turkey's shooting down of a Russian warplane.

The Saudi stock index ended 0.7 percent higher at 7,202 points. Oil shipper Bahri climbed 2.8 percent and petrochemical producer Saudi Basic Industries gained 0.6 percent.

Real estate developer Dar Al Arkan, which had dropped 2.3 percent on Monday after the cabinet announced plans for a tax on undeveloped land, closed flat on Tuesday."



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