Wednesday, 8 June 2016

MIDEAST STOCKS-Property developers support Saudi bourse | Reuters

MIDEAST STOCKS-Property developers support Saudi bourse | Reuters:

"Property shares helped lift the Saudi bourse in early trade on Wednesday as two developers said they were in talks with the housing ministry to build more homes.

Shares in Dar Al Arkan Real Estate Development Co jumped 9.2 percent to 5.95 riyals, after surging by its daily 10 percent limit on Tuesday.

After the market close on Tuesday, the developer said it was in talks with the government to provide housing units under the kingdom's economic reform plan. It did not give further details."



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