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Wednesday, 23 November 2016

MIDEAST STOCKS-Saudi lifts mood in regional markets; Egypt holds near 8-yr peak | Reuters

MIDEAST STOCKS-Saudi lifts mood in regional markets; Egypt holds near 8-yr peak | Reuters:
"Saudi Arabia's index firmed on Wednesday as blue chips resumed their climb and the positive mood flowed into other Gulf bourses, carrying them higher. Egypt's market edged up, holding near an 8-year peak as foreign funds remained aggressive buyers.

Riyadh's index bounced 3.0 percent to 6,796 points, closing 93 points over technical resistance at the July peak of 6,703 points. Turnover was almost double that of Tuesday.

Some blue chips continued to attract funds, with the top telecommunication operator Saudi Telecom Co (STC) jumping 4.6 percent."

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