MIDEAST STOCKS-Petrochemicals lift Saudi as oil rebounds; Egypt up | Reuters:
"Saudi Arabia and Egypt's stock markets climbed in early trade on Wednesday as petrochemical stocks supported Riyadh's bourse following a slight rebound in oil prices and some buyers returned to Cairo.
Brent oil, the crude benchmark that most shapes Gulf investor sentiment, bounced back from near $30 a barrel to trade at $31.53 at 0903 GMT.
Saudi Arabia's index advanced 0.9 percent to 6,124 points in first 10 minutes of trade but lost some steam and fell to a low of 6,058 before bouncing back. The bourse was up 0.7 percent as of 0908 GMT, pulling away from Tuesday's four-year low."
'via Blog this'
No comments:
Post a Comment