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Tuesday, 22 November 2016

MIDEAST STOCKS-A rally in oil helps lift sentiment towards Gulf equities | Reuters

MIDEAST STOCKS-A rally in oil helps lift sentiment towards Gulf equities | Reuters:
"A rally in oil prices helped lift stock markets in the Gulf early on Tuesday, with investors favouring oil-derivative stocks and Abu Dhabi's banks extending gains in volatile week of trade.

Brent futures were trading at $49.22 a barrel in Asian trade, their highest level since October.

Saudi Arabia's general market index rose 0.6 percent in the first 15 minutes of trade, led by petrochemical shares, with all but one of the listed producers gaining. Yanbu National Petrochemical rose 2.7 percent."

'via Blog this'