Sunday, 6 January 2019

Mideast Stocks: Rajhi leads #Saudi jump, other markets rise | ZAWYA MENA Edition

Mideast Stocks: Rajhi leads Saudi jump, other markets rise | ZAWYA MENA Edition:

Saudi Arabia's stock market rose on Sunday trade on positive investor sentiment, higher oil prices and solid gains by blue chips, led by Al Rajhi Bank which announced a capital increase, while other regional markets also closed higher.

Oil rose nearly 2 percent on Friday after proposed trade talks between the United States and China eased some fears about a global economic slowdown. 

The Saudi index , the Middle East's biggest, rose 1.3 percent to almost a three-week high.

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