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Sunday, 30 October 2016

Saudi Stocks Extend Winning Streak as Cash Crunch Concern Eases - Bloomberg

Saudi Stocks Extend Winning Streak as Cash Crunch Concern Eases - Bloomberg:

"Saudi Arabian stocks rose the most among Gulf equities, poised to extend their longest winning streak in more than two years on investor optimism the outlook for the kingdom’s banks is improving.
Four of the five biggest contributors to an increase in the Tadawul All Share Index were lenders, as the main gauge added 0.7 percent at 1:15 p.m. in Riyadh. The measure has increased 9.5 percent in eight days, the longest string of gains since 2014, as Saudi Arabia sold the largest international sovereign bond in emerging-market history and said it would boost payments to contractors."



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