Sunday, 10 September 2017

MIDEAST STOCKS-Petchems and banks support Saudi, Qalaa surges in Egypt

MIDEAST STOCKS-Petchems and banks support Saudi, Qalaa surges in Egypt:

"Stock markets in the Middle East were mixed in narrow ranges on Sunday, with banks and petrochemicals supporting Saudi Arabia while Qatar edged down to a fresh 18-month closing low. The Saudi index rose 0.2 percent. All but two of the 14 listed petrochemical shares advanced after a pick-up in oil prices at the end of last week, with small polymer maker Nama Chemicals surging 9.5 percent in unusually heavy trade. Two-thirds of the 12 listed banks rose with Banque Saudi Fransi, the best performer, climbing 3.8 percent."



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