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Thursday, 16 February 2017

MIDEAST STOCKS-Gulf markets edge higher on global strength, steady oil prices | Reuters

MIDEAST STOCKS-Gulf markets edge higher on global strength, steady oil prices | Reuters:

"Stock markets in the Gulf edged slightly higher in morning trade on Thursday as global shares held near highs and crude oil prices traded near their average over the past month.

Saudi Arabia's index was up 0.4 percent after 50 minutes of trade with the majority of oil-linked shares advancing. Saudi Basic Industries, the largest producer, rose 1.0 percent.

Shares often traded by local day traders were also up. Insurer Al Ahlia Cooperative Insurance jumped 3.3 percent."



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