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Monday, 15 May 2017

MIDEAST STOCKS-Region mixed; Saudi up with oil, slide in DXBE hurts Dubai | Reuters

MIDEAST STOCKS-Region mixed; Saudi up with oil, slide in DXBE hurts Dubai | Reuters:

"Middle Eastern stock markets were mixed on Monday with Saudi Arabia rising on the back of a rebound in oil prices and a continued slide by amusement park operator DXB Entertainments helping to drag down Dubai.

The Saudi index climbed 0.6 percent. Top petrochemical producer Saudi Basic Industries, whose margins could benefit from higher oil prices, gained 0.5 percent.

But PetroRabigh, which had tumbled its 10 percent daily limit on Sunday after reporting a sharp widening of its quarterly loss, sank a further 5.4 percent."



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