MIDEAST STOCKS-Saudi Arabia rises after smooth royal succession | Reuters:
"Saudi Arabia's stock market rose on Monday as it traded for the first time since King Salman succeeded his brother Abdullah, who died on Friday. Other bourses in the region were neutral or negative.
After swiftly assuming power, King Salman pledged continuity in energy and foreign policies and appointed younger men as his heirs, appearing to settle the succession issue for years to come.
Investors reacted positively to the smooth succession and the kingdom's main index added 0.7 percent as most stocks closed higher."
'via Blog this'
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