Wednesday 13 February 2019

Mideast Stocks: Telecom operator Vodafone lifts #Qatar, banks propel #Saudi | ZAWYA MENA Edition

Mideast Stocks: Telecom operator Vodafone lifts Qatar, banks propel Saudi | ZAWYA MENA Edition:

Saudi Arabia's stock market rose in early trading on Wednesday with bank and petrochemical shares gaining on recovering oil prices, while Qatar was lifted mainly by Vodafone Qatar's strong results.

Saudi Arabia's index rose 0.6 percent with Al Rajhi Bank gaining 0.8 percent and petrochemical firm Saudi Basic Industries adding 1.2 percent.

Saudi International Petrochemical (Sipchem) climbed 2 percent after it reported a full-year net profit of 583 million riyals ($155.46 million) from 437.4 million riyals a year earlier.

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