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Sunday, 12 February 2017

MIDEAST STOCKS-Saudi boosted by oil, other bourses steady | Reuters

MIDEAST STOCKS-Saudi boosted by oil, other bourses steady | Reuters:

"Petrochemical shares boosted Saudi Arabia's bourse in early trade 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 was up 1 percent after 45 minutes of trade with all but one of the 14 listed Saudi petrochemical shares higher. Saudi Kayan added 1.8 percent after Brent oil futures closed 1.9 percent higher at $56.70 a barrel on Friday. The positive mood spilled into other sectors, with banking shares also advancing. National Commercial Bank rose 1 percent."



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