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Wednesday, 25 January 2017

MIDEAST STOCKS-Saudi and Kuwait continue uptrends, UAE pulls back | Reuters

MIDEAST STOCKS-Saudi and Kuwait continue uptrends, UAE pulls back | Reuters:

"Stock markets in Saudi Arabia and Kuwait continued uptrends on Wednesday, attracting regional investors' money away from the United Arab Emirates, which pulled back.

The Saudi index rose 0.5 percent, climbing for a fifth straight day. It has been buoyed by hopes for better conditions in the non-oil sector this year as government austerity measures slow.

Builder Khodari, which has been strong in the past week on expectations for a partial recovery of the Saudi construction market, gained 2.6 percent."



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