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Wednesday, 28 December 2016

MIDEAST STOCKS-Gulf trades mixed, second-tier Saudi petchems rise | Daily Mail Online

MIDEAST STOCKS-Gulf trades mixed, second-tier Saudi petchems rise | Daily Mail Online:
"Major Gulf stock markets were mixed in quiet trade on Wednesday although some second-tier Saudi petrochemical stocks rose sharply after oil prices climbed overnight.

The main Saudi index traded higher for much of the day but closed 0.2 percent lower as Saudi Electricity, which had risen after last week's state budget for 2017 promised to raise electricity tariffs, fell back 2.6 percent.

Petrochemical stocks were the top three gainers, with Petrochem up by its 10 percent daily limit, Chemanol gaining 8.5 percent and Sipchem adding 5.4 percent."

'via Blog this'