Tuesday 22 December 2015

MIDEAST STOCKS-Saudi advances; Orascom Telecom supports Egypt | Reuters

MIDEAST STOCKS-Saudi advances; Orascom Telecom supports Egypt | Reuters:

"Stocks in Saudi Arabia advanced in early trade on Tuesday as investors returned to the market and bought on dips after reports the kingdom's state budget would now be announced next week, while Orascom Telecom carried Egypt higher.

The Saudi bourse climbed 1.2 percent, breaking the 7,000-point level, with all sectors advancing in early trade.

Volumes peaked at the open as investors found some reprieve in knowing the Saudi budget is now expected to be released next Monday, Saudi-owned Al Arabiya television reported late on Monday, quoting sources."



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