Tuesday 14 May 2019

MIDEAST STOCKS- #Saudi market edges higher in choppy trade after drone attacks - Reuters

MIDEAST STOCKS-Saudi market edges higher in choppy trade after drone attacks - Reuters:

Saudi Arabia's stock market was choppy on Tuesday after
an announcement by the government on armed drones attacking oil pumping stations
in Riyadh wiped out early gains.

Saudi stocks nudged higher, then went into reverse and closed up
just 0.1 percent. The index fell as much as 2.1% after Saudi Arabia said drones
had struck oil pumping stations two days after Saudi oil tankers were sabotaged
off the coast of the United Arab Emirates.

Shares rose 2% in early deals after falling nearly 3.6% on Monday.

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