MIDEAST STOCKS-Oil rise lifts all major Gulf markets, Saudi leads gains | Reuters:
All major Gulf markets rose for a third straight session on Monday, boosted by financial stocks amid rising oil prices, while Saudi Arabia and Qatar gained sharply as most of their banks increased.
Oil prices rose by 2 percent on Monday, extending a rally from December's 18-month lows with support from OPEC production cuts and steadying share markets.
Saudi Arabia's index rose 1.5 percent to close at its highest since Aug. 12, 2018, with 11 of its 12 banks gaining.
No comments:
Post a Comment