MIDEAST STOCKS-Saudi stocks lifted by higher oil prices, Qatar index gains:
"Saudi Arabia’s stock market climbed in early trade on Thursday, lifted in the wake of oil prices’ rise to their highest level in over three years, while Qatar’s index was boosted by strong earnings.
Saudi Arabia’s index rose 1.4 percent, set for a sixth straight day of gains. Al Rajhi Bank rose 3.3 percent, while Samba Financial Group climbed 3.2 percent.
Saudi Basic Industries Corporation rose 0.9 percent as petrochemical stocks gained support from higher oil prices because of a decline in U.S. crude inventories and as top exporter Saudi Arabia pushes for higher prices by continuing to withhold supplies."
'via Blog this'
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