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Thursday, 23 March 2017

MIDEAST STOCKS-Most Gulf bourses recover, Egypt rebounds as foreign funds buy | Reuters

MIDEAST STOCKS-Most Gulf bourses recover, Egypt rebounds as foreign funds buy | Reuters:

"Most stock markets in the Gulf made small gains on Thursday, recovering some of the week's losses, but trading volumes remained very low. Egypt rebounded as foreign funds bought shares there. The Saudi stock index climbed 0.7 percent as the petrochemical sector regained some of the previous session's heavy losses, after Brent oil bounced from a four-month low hit on Wednesday. Saudi Kayan Petrochemical rose 1.3 percent. The insurance sector, which has been very volatile in recent days, also firmed with all but four of the 35 listed insurers advancing. Buruj Cooperative Insurance jumped 9.3 percent and was the top performer on the exchange."



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