MIDEAST STOCKS-Aramex lifts Dubai, Saudi rises on banks | Reuters:
Dubai’s stock market rose on Wednesday, supported by a jump in courier firm Aramex, while Saudi Arabia also gained as most of its banks traded higher amid rising oil prices.
In Dubai, the index was up 0.5 percent, with Aramex climbing 7.3 percent in active trade. Australia Post Transaction Services sold its 10 percent stake in the firm for 602.6 million dirhams ($164.1 million).
That opened up the possibility for a new foreign investor to buy into the company, Arqaam Capital said, adding this was “an excellent time” to buy the stock.
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