Tuesday 15 December 2015

MIDEAST STOCKS-Saudi mkt gains as oil stabilises; foreign traders exiting Egypt | Reuters

MIDEAST STOCKS-Saudi mkt gains as oil stabilises; foreign traders exiting Egypt | Reuters:

"Saudi Arabia's bourse strengthened on Tuesday, with all sectors turning higher, as oil prices stabilised, while Egypt slid as foreign traders exited positions.

Saudi's bourse rose 1.5 percent to 6,751 points, recouping Monday's losses which pushed the index to a three-year low after Brent oil dipped below $37.

Crude prices stabilised on Tuesday, trading above $38 at 0914 GMT."



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