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Wednesday, 2 November 2016

MIDEAST STOCKS-Most of Gulf falls with global trend but Saudi firm | Reuters

MIDEAST STOCKS-Most of Gulf falls with global trend but Saudi firm | Reuters:

"Most Gulf stock markets rose early on Wednesday after drops in global bourses and oil prices, but banking shares continued to support Saudi Arabia.

In the nine days through Monday, the Saudi index added 10.1 percent in response to the success of Riyadh's international bond issue, which eased concern about tight liquidity in the banking system.

On Tuesday, the index pulled back slightly, but in the first half-hour of trade on Wednesday it edged up 0.2 percent as the banking sector climbed 0.3 percent, suggesting positive sentiment due to the bond issue has not yet faded."



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