MIDEAST STOCKS-Energy stocks lift Abu Dhabi, Saudi, Qatar flat | Reuters:
Firm oil prices boosted energy shares in the Abu Dhabi market and financials boosted Kuwaiti stocks on Monday, however the Gulf’s two star performers, Saudi and Qatari stocks, were little changed in the absence of major corporate or economic news.
Abu Dhabi index was up 1.4 percent, with Abu Dhabi National Energy Co up 1.7 percent. Dana Gas also rose 0.9 percent, fueled by higher oil prices.
Oil prices held firm on Monday after Saudi crude production registered a surprising dip in July and as American shale drilling appeared to plateau. Markets also expecting an announcement from Washington later on Monday on renewed U.S. sanctions against major oil exporter Iran.
No comments:
Post a Comment