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Sunday, 23 October 2016

MIDEAST STOCKS-Buoyant investor sentiment lifts Saudi, Egypt cools | Reuters

MIDEAST STOCKS-Buoyant investor sentiment lifts Saudi, Egypt cools | Reuters:

"Major stock markets in the Gulf rose on Sunday with Saudi Arabia outperforming it peers, continuing to climb on the back of upbeat investor sentiment following the mammoth international bond sale at the end of last week. Egypt's index slipped on profit taking.

Riyadh's index added a further 1.6 percent, taking its gains since Wednesday to 5.1 percent as a little over 80 percent of the traded shares rose.

Banks continued their climb with Saudi Hollandi Bank gaining 3.4 percent. At the end of last week bank shares rallied after the kingdom conducted a $17.5 billion international bond sale with success."



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