MIDEAST STOCKS-Petchems support Saudi as oil stays near $56, Qatar up again:
"An overnight rise in crude oil prices to a fresh five-month peak helped to push the Riyadh stock index slightly higher on Thursday while Qatar secured its third straight day of gains.
The Saudi index edged up by 0.1 percent as all but two of the 14 listed petrochemical producers rose as Brent contracts traded around $56 a barrel.
Yanbu National Petrochemical added 0.9 percent. Shares in the large-cap producer have been active for four sessions, and one Riyadh-based analyst told Reuters that investors have been building positions in “relatively safer petrochemical stocks” because of the recent climb in the oil price."
'via Blog this'
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