Thursday 8 January 2015

MIDEAST STOCKS-Gulf markets extend gains as oil stabilises | Reuters

MIDEAST STOCKS-Gulf markets extend gains as oil stabilises | Reuters:



"Gulf stock markets extended gains on Thursday after oil rebounded slightly from its Wednesday low and several companies made positive announcements. 




Supported by a fall in U.S. crude oil inventories, Brent futures traded above $51 per barrel on Thursday after briefly dropping below $50 in the previous session.



Saudi Arabia's stock index climbed 1.9 percent in a broad rally. Retailer Jarir Marketing, which on Wednesday posted a 25.5 percent jump in fourth-quarter profit, surged 6.3 percent."



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