Wednesday 27 September 2017

MIDEAST STOCKS-Car rental firms surge on Saudi bourse on women driving news

MIDEAST STOCKS-Car rental firms surge on Saudi bourse on women driving news:

"Shares of car insurance and rental companies rallied on the Saudi Arabian stock market on Wednesday after news that women would be allowed to drive, although the broader market was flat.

Qatar’s stock market fell sharply, ending a six-day winning streak.

Saudi King Salman on Tuesday issued a royal decree lifting the driving ban; it will be implemented by June 24, 2018, according to state news agency SPA."



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