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Thursday, 12 January 2017

MIDEAST STOCKS-Saudi recovers on oil rebound, outperforms Gulf | Reuters

MIDEAST STOCKS-Saudi recovers on oil rebound, outperforms Gulf | Reuters:
"Blue chips helped carry Saudi Arabia's stock index higher in early trade on Thursday after oil prices recovered overnight, but profit taking in large capital stocks weighed on other Gulf markets.

Riyadh's equities index had risen 0.6 percent after 45 minutes. Eight of the 12 listed banks advanced, with Saudi British Bank, the sector's chief gainer, up 1.6 percent.

Petrochemical producers were also strong, with all but one of 14 firms recovering some of this week's losses. Saudi Kayan added 1.2 percent."

'via Blog this'