Tuesday 30 June 2015

MIDEAST STOCKS-Gulf markets rebound as oil rallies; Tunisia edges up | Reuters

MIDEAST STOCKS-Gulf markets rebound as oil rallies; Tunisia edges up | Reuters:



"Major Middle Eastern stock markets rose on Tuesday after bargain-hunters came in at the lows, encouraged by rebounds in overseas bourses and oil prices.



The Saudi stock index dropped as much as 1.5 percent in early trade but then edged up for most of the day, closing 0.3 percent higher. Miner Ma'aden was one of the main stocks to recover, ending up 1.6 percent.



The biggest petrochemical producer, Saudi Basic Industries , closed 0.9 percent down but was well off its low as Brent oil rebounded more than 1 percent to nearly $63 a barrel."



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