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Wednesday, 5 April 2017

MIDEAST STOCKS-Oil rally boosts petrochemical shares, lifting Saudi | Reuters

MIDEAST STOCKS-Oil rally boosts petrochemical shares, lifting Saudi | Reuters:

"Petrochemicals lifted Saudi Arabia's stock market on Wednesday as crude oil prices climbed to near a one-month high above $54.50 a barrel, with other markets slightly higher.

All 13 Saudi petrochemical producers rose, with heavyweight Saudi Basic Industries adding 1.0 percent. The index was up 0.6 percent.

In Doha, the index was up 0.1 percent, supported by a 1.5 percent climb in Barwa Real Estate and a 0.6 percent rise in Islamic lender Masraf Al Rayan which said it had formed a committee to manage its merger with Barwa Bank and International Bank of Qatar."



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