Monday, 7 January 2019

Mideast Stocks: #Saudi gains on financials, most of Gulf mixed | ZAWYA MENA Edition

Mideast Stocks: Saudi gains on financials, most of Gulf mixed | ZAWYA MENA Edition:

Most major Middle East markets were mixed in early trading on Monday, despite rebounding oil prices, while the Saudi market was lifted by its financial and petrochemical stocks.

Saudi Arabia's index rose 0.3 percent with Saudi Kayan Petrochemical adding 2.2 percent and Savola Group increasing 2 percent.

Saudi exchange data released late on Sunday showed that foreigners were net buyers of 134.3 million riyals ($35.81 million) of stocks last week.

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