Tuesday 17 May 2016

MIDEAST STOCKS-Oil aids most Gulf bourses, Egypt lifted by foreign funds | Reuters

MIDEAST STOCKS-Oil aids most Gulf bourses, Egypt lifted by foreign funds | Reuters:

"Shares in most Gulf bourses were firm on Tuesday as oil prices held near this year's highs, while Egypt's stock index climbed as international funds flowed back into the market.

Saudi petrochemical shares were strong with the sub-index rising 1.3 percent, its fifth straight session of gains. The main stock index rose 0.6 percent.

Etihad Etisalat (Mobily) jumped 4.6 percent after it said lenders who had not already agreed in December to waive breaches in loan terms had now done so."



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