MIDEAST STOCKS-Saudi outperforms on firm oil, Qatar hit by FTSE change:
"Saudi Arabia’s equities index firmed on Wednesday because of strong oil prices while Qatar fell to its lowest close since January 2016 after index compiler FTSE’s mid-year review hurt some stocks.
Brent oil was around $53.50 a barrel, slightly above its level when the Saudi market traded on Tuesday last week, just before it closed for long Eid al-Adha holidays.
All but two of the 14 listed Saudi petrochemical producers rose as the market reopened on Wednesday with Rabigh Refining and Petrochemical adding 1.9 percent. The main Saudi stock index rose 0.7 percent."
'via Blog this'
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