Thursday, 2 June 2016

MIDEAST STOCKS-Gulf markets mixed ahead of OPEC meeting | Reuters

MIDEAST STOCKS-Gulf markets mixed ahead of OPEC meeting | Reuters:

"Stock markets in the Gulf were mixed in early trade on Thursday ahead of an OPEC meeting later in the day that will discuss the possibility of coordinated action among oil producers to support prices.

Riyadh's stock index added 0.4 percent after 45 minutes of trade, with support from some petrochemical shares after Brent oil hit $50 a barrel. Saudi Basic Industries climbed 0.9 percent.

Low-cost supermarket operator Abdullah Al Othaim jumped 7.0 percent to 103.75 riyals in heavy trade, heading for its highest close since August 2015."



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