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Sunday, 4 December 2016

MIDEAST STOCKS-Saudi shares up in volatile session, Dubai outperforms | Reuters

MIDEAST STOCKS-Saudi shares up in volatile session, Dubai outperforms | Reuters:
"Most stock markets in the Gulf rose on Sunday as investors cheered a rally in crude oil prices, while foreign buyers continued to support Egypt's index.

Brent crude futures ended their best week in at least five years on Friday, settling at $54.46 a barrel following OPEC's agreement to cut output to prop up prices.

Saudi Arabia's general market index added 0.5 percent in heavy trade, taking its gains for the year to 3.2 percent. The index was down as much as 21.6 percent only nine weeks ago as the economy struggled with low oil prices."

'via Blog this'