MIDEAST STOCKS-Petrochemical stocks buoy Riyadh, Egypt sags | Reuters:
"Petrochemical shares lifted Riyadh's stock index in early trade on Tuesday after oil prices firmed overnight above $36 a barrel, while Egypt slid as investors worried about a possible interest rate hike.
The Saudi index was up 1.3 percent at 6,169 points, rising above technical resistance at the early February and end-January peaks of 6,056-6,099 points.
Petrochemical stocks helped lift the bourse as Saudi Basic Industries added 2.4 percent and Saudi Kayan rose 1.0 percent in high volumes."
'via Blog this'
No comments:
Post a Comment