Monday 27 November 2017

MIDEAST STOCKS-Gulf rises, Saudi gets support from cement sector

MIDEAST STOCKS-Gulf rises, Saudi gets support from cement sector:

"Most Gulf stock markets rose in early trade on Monday with Saudi Arabia getting support from Al Jouf Cement and Saudi Industrial Export Co after the companies announced an export deal with Jordan.

The Saudi index climbed 0.6 percent in the first hour as Al Jouf surged 5.0 percent and Saudi Industrial Export Co jumped 6.4 percent in unusually heavy trade.

Saudi Industrial Export said it had signed a sale and marketing contract with Al Jouf to supply 72,000 tonnes of cement annually to Jordan."



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