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Sunday, 21 May 2017

MIDEAST STOCKS-Saudi basks in Trump glow, most of region moves little | Reuters

MIDEAST STOCKS-Saudi basks in Trump glow, most of region moves little | Reuters:

"Saudi Arabia's stock market outperformed a sluggish region on Sunday after U.S. and Saudi companies signed over $200 billion of deals during the visit to Riyadh by President Donald Trump. Few of the deals involved listed Saudi companies, and many had been previously announced, or were merely memorandums of understanding that might never lead to concrete projects. But the positive publicity around the agreements - and the warm welcome given to Trump amid talk of stronger diplomatic and economic ties between the countries - cheered some investors, and the Saudi stock index gained 0.8 percent."



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