Tuesday 8 March 2016

MIDEAST STOCKS-Petrochemical shares support Saudi, Orascom Telecom lifts Egypt | Reuters

MIDEAST STOCKS-Petrochemical shares support Saudi, Orascom Telecom lifts Egypt | Reuters:

"Petrochemical shares lifted Riyadh's stock market in early trade on Tuesday after Brent oil futures rose above $40 per barrel, while Orasom Telecom supported Egypt.

Riyadh's stock index added 0.7 percent. Petrochemical heavyweight Saudi Basic Industries advanced 1.6 percent and other oil-linked stocks also gained.

Food and agriculture shares were strong, with the largest dairy producer, Almarai, and National Agriculture Development each up more than 2.0 percent."



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