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Thursday, 23 March 2017

MIDEAST STOCKS-Saudi outperforms in mostly flat region; Dubai's DSI up on asset sale | Reuters

MIDEAST STOCKS-Saudi outperforms in mostly flat region; Dubai's DSI up on asset sale | Reuters:

"Saudi Arabia's stock market outperformed the region in early trade on Thursday, recovering some of the previous session's losses, while in Dubai builder Drake & Scull climbed after it agreed to sell a major asset. The Saudi stock index was up 0.5 percent after 15 minutes of trade as the petrochemical sector recovered 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 three of the 35 listed insurers advancing. Solidarity Saudi Takaful rose 1.4 percent."



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