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Thursday, 26 January 2017

MIDEAST STOCKS-Saudi rises, most of Gulf moves little in early trade | Reuters

MIDEAST STOCKS-Saudi rises, most of Gulf moves little in early trade | Reuters:

"Saudi Arabia's stock market continued its uptrend of the past few days in early trading on Thursday while other Gulf bourses moved little, with Kuwait's bull run stalling in heavy trade.

The Saudi index climbed 0.5 percent in the first hour as petrochemical giant Saudi Basic Industries rose 0.8 percent.

Nama Chemicals jumped 9.6 percent after announcing the main elements of a recovery plan after accumulated losses exceeded 75 percent of its capital.

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