UPDATE 2-MIDEAST STOCKS-Saudi Arabia rises after ending Yemen air strikes | Reuters:
"Saudi Arabia's stock market rose in early trade on Wednesday after the Riyadh government said it had ended a campaign of air strikes against Yemen's Houthi rebels. Egypt's market remained soft.
Gulf markets lost a few percent each after the military intervention began last month, and investors now see its completion as a positive factor.
Saudi Arabia's index edged up 0.4 percent to 9,598 points as most stocks in the kingdom climbed. Telecommunications operator Zain Saudi's jumped 3.1 percent after announcing its first-quarter loss had narrowed to 257 million riyals ($68.5 million) from 318 million riyals a year earlier."
'via Blog this'
No comments:
Post a Comment