Sunday 6 May 2018

MIDEAST STOCKS-Saudi petchems up on firmer oil, GFH shines in Bahrain | Reuters

MIDEAST STOCKS-Saudi petchems up on firmer oil, GFH shines in Bahrain | Reuters:

"Most stock markets in the Gulf posted minor gains on Sunday, reflecting last week’s positive close in international stocks and on the back of firmer oil prices. In Saudi Arabia, the benchmark index edged up 0.1 percent, lifted by gains in the petrochemical sector. Oil prices last week hit their highest in more than three years, with Brent crude oil trading at $74.87 a barrel, as the market awaited news from Washington on possible new U.S. sanctions against Iran."



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