Thursday 19 November 2015

MIDEAST STOCKS-Saudi'S Ma'aden helps lift index after loan, most mkts rise | Reuters

MIDEAST STOCKS-Saudi'S Ma'aden helps lift index after loan, most mkts rise | Reuters:

"Saudi Arabian Mining Co (Ma'aden) jumped to a three-month high on Thursday after the company secured a major loan, while most Middle East shares firmed as a steady oil price encouraged bargain hunters.

Ma'aden shares were up 5.5 percent after local, regional and international banks committed to a 11.5 billion riyal ($3.1 billion) loan for its phosphate business, replacing existing debt on more favourable terms.

Riyadh's Tadawul index rose 1.2 percent in its third session of gains in the four days since it hit a two-year low on Sunday."



'via Blog this'

No comments:

Post a Comment