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Monday, 5 September 2016

MIDEAST STOCKS-Gulf edges up with global equities; EEC leaps in Saudi | Reuters

MIDEAST STOCKS-Gulf edges up with global equities; EEC leaps in Saudi | Reuters:

"Most Gulf stock markets edged up in early trade on Monday after emerging market equities rose sharply in Asia.

Saudi Arabia's stock index gained 0.4 percent as Emaar the Economic City (EEC) jumped 7.9 percent in unusually heavy trade.

The stock had risen 3.5 percent on Sunday, when Reuters quoted a source as saying Saudi Arabia's top sovereign fund, the Public Investment Fund, was in talks to invest in King Abdullah Economic City, the huge project being developed by EEC."



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