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Wednesday, 29 March 2017

MIDEAST STOCKS-Saudi Arabia outperforms in otherwise quiet region | Reuters

MIDEAST STOCKS-Saudi Arabia outperforms in otherwise quiet region | Reuters:

"A small rebound in crude oil prices towards $52 barrel helped lift Saudi Arabia's stock index in early trade on Wednesday, in an otherwise quiet region. The Saudi index added 0.4 percent in the first 40 minutes as almost four-fifths of listed petrochemical producers advanced; Saudi Kayan Petrochemical was up 1.3 percent Builder Al Khodari climbed 2.0 percent after saying it had renewed its credit line of 373 million riyals ($99.5 million) with Alawwal Bank to help it finance working capital. Alwwal was up 0.5 percent."



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