MIDEAST STOCKS-Oil boosts Gulf stocks, Saudi REITs soar, Eshraq jumps in Abu Dhabi | Reuters:
Gulf stock markets closed in positive territory on Sunday, boosted by a surge in oil prices, an increase in retail investors and encouraging news on Bahrain’s financial prospects.
Oil prices surged last week on concerns that U.S. sanctions against Iran would remove a substantial volume of crude oil from world markets at a time of rising global demand.
Bahrain’s bonds and currency rebounded from multi-year lows late last week after Saudi Arabia, Kuwait and the United Arab Emirates said in a joint statement that they would announce soon measures to support its economy.
No comments:
Post a Comment