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Sunday, 12 February 2017

MIDEAST STOCKS-Firm oil boosts Saudi, Kuwait rebounds but Egypt slips | Reuters

MIDEAST STOCKS-Firm oil boosts Saudi, Kuwait rebounds but Egypt slips | Reuters:

"Petrochemical and banking shares boosted Saudi Arabia's bourse on Sunday after oil prices firmed at the end of last week, while small and mid-sized stocks were the main movers on other Gulf markets. Saudi Arabia's index added 0.8 percent with nearly three-quarters of the 14 listed Saudi petrochemical shares advancing, after Brent oil futures closed 1.9 percent higher at $56.70 a barrel on Friday. Saudi Industrial Investment was the top gainer in the sector, jumping 5.5 percent. The positive mood spilled into other sectors, with banking shares also advancing. Saudi British Bank climbed 3.8 percent."



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