Sunday 14 July 2019

MIDEAST STOCKS-Banks boost #Saudi, Aldar strong in #AbuDhabi - Reuters

MIDEAST STOCKS-Banks boost Saudi, Aldar strong in Abu Dhabi - Reuters:

Major Gulf stock markets closed
higher on Sunday, mirroring gains late last week in global
markets, and supported by some companies' positive
second-quarter results. 

In Saudi Arabia, the Tadawul main index rose 0.5%,
with banks and petrochemical companies leading the gains.

Dubai's Arqaam Capital said in a research note last week it
expected Saudi Arabia to deliver the strongest second-quarter
earnings performance in the Gulf.

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