Saudi Shakeup Helps End Gulf Stocks' Worst Streak in Two Months - Bloomberg:
"Saudi Arabian stocks advanced as investors judged the government shakeup that ushered in a new central banker and oil minister would help the kingdom reduce its dependence on crude. Gulf stocks ended their longest losing streak in almost two months.
The Tadawul All Share Index rose as much as 1.2 percent before closing 0.2 percent higher at 6,672.48 in a second day of gains. Saudi Arabia’s King Salman appointed deputy central bank governor Ahmed Alkholifey to head the Saudi Arabian Monetary Agency, and Saudi Aramco Chairman Khalid Al-Falih as oil minister. Bloomberg’s GCC 200 Index climbed 0.4 percent, the most in almost two weeks."
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