Sunday 26 November 2017

Saudi rises in early trade, most Gulf markets move little | ZAWYA MENA Edition

Saudi rises in early trade, most Gulf markets move little | ZAWYA MENA Edition:

"Saudi Arabia's stock market rose in a broad-based rally early on Sunday with most other major Gulf bourses moving little. The Saudi index  climbed 0.6 percent with all 10 of the most active stocks gaining. Insurer SABB Takaful surged 5.5 percent after Saudi British Bank said it had completed the purchase of all of HSBC's stake in SABB Takaful. Al Tayyar Travel, its founder detained in Saudi Arabia's corruption probe, added 2.9 percent; after plunging in response to the probe, it has been edging back up in the last few days. "



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