Tuesday 26 September 2017

MIDEAST STOCKS-Oil lifts most markets, but global concerns weigh

MIDEAST STOCKS-Oil lifts most markets, but global concerns weigh:

"Rising oil prices helped Middle East indexes eke out modest gains on Tuesday, though shares more exposed to foreign funds followed global markets lower, weighed down by a list of worries including North Korea.

Brent oil surged 3.8 percent overnight to settle at $59.02 a barrel after major producers said the global market was on its way to rebalancing, and crude held near that level on Tuesday.

Riyadh’s index rose 0.2 percent as most petrochemical shares advanced, including bellwether Saudi Basic Industries which added 1.4 percent."



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