Tuesday 18 June 2019

Mideast Stocks: #Saudi extends gains; other major Gulf markets slip | ZAWYA MENA Edition

Mideast Stocks: Saudi extends gains; other major Gulf markets slip | ZAWYA MENA Edition:

Saudi stocks rose for a second straight day on Tuesday, continuing to recover after falling last week following attacks on oil tankers in the Gulf of Oman.

Investor concerns have eased somewhat after both Tehran and Riyadh said they did not want a war, but tensions in the region remain high, making stock trading potentially volatile.

The Saudi index was up 0.4 percent in early trading, but other major stock markets in the Gulf fell.

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