Sunday 15 April 2018

MIDEAST STOCKS-No retaliation after Syria boosts Gulf; Saudi petchems up on oil

MIDEAST STOCKS-No retaliation after Syria boosts Gulf; Saudi petchems up on oil:

"Most Gulf stock markets rose on Sunday due to firm oil prices and relief that the weekend’s military attack on Syria was relatively limited in scope and there was no immediate retaliation. The United States, France and Britain launched 105 missiles after a suspected poison gas attack in Syria a week earlier. The strikes were limited to three alleged chemical weapons facilities, Washington said. “Regional markets have lagged global risky assets over the last four years, so the sharp recovery in oil prices so far further underpins the bull case for regional markets,” said Mohamed El Jamal, managing director at Abu Dhabi’s Waha Capital."



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