MIDEAST STOCKS-Jordan cement deal helps Saudi shares but region moves little:
"Saudi Arabia’s stock index edged higher on Monday after Al Jouf Cement and Saudi Industrial Export Co announced an export deal with Jordan, but the region as a whole traded in small ranges, lacking fresh stimulus.
The Saudi index closed 0.1 percent higher at 6,939 points after approaching and failing to break technical resistance around 7,000 points, which has held since mid-October.
Al Jouf rose 3.4 percent and Saudi Industrial Export Co, which has been trading at 13-year lows, jumped 5.1 percent. 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."
'via Blog this'
No comments:
Post a Comment