Sunday, 24 April 2016

MIDEAST STOCKS-Petchems lift Saudi, other Gulf markets mixed | Reuters

MIDEAST STOCKS-Petchems lift Saudi, other Gulf markets mixed | Reuters:

"Saudi Arabia's stock market rose strongly in heavy trade on Sunday as firm oil prices boosted petrochemical shares, while other markets in the region were mixed.

Riyadh's main index jumped 1.7 percent to 6,699 points, its highest finish since Jan. 5, in the largest trading volume since late August 2015.

Petrochemical heavyweight Saudi Basic Industries jumped 3.8 percent after oil prices rose on Friday, notching their third straight week of gains. Brent futures ended Friday up 1.3 percent on the day at $45.11 per barrel."



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