Saturday, 8 September 2012

STOCKS NEWS MIDEAST-Saudi stocks rise, lifted by petchems - Yahoo! News Maktoob

Saudi shares open higher on Saturday, lifted by gains in the petrochemical sector after oil prices rose on Friday.
World energy markets had lifted after a volatile trading session. Brent October crude rose 76 cents to settle at
$114.25 a barrel and U.S. October crude rose 89 cents to settle at $96.42 a barrel.
The all-share gains 0.9 percent to reach 7,114 points and the petrochemical index adds 1.6 percent to
6,113 points.
Heavyweight Saudi Basic Industries Corp (SABIC) gains 2 percent in early trading.

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