Monday 1 July 2019

MIDEAST STOCKS- #Saudi extends gains as global rally lifts most of Gulf - Reuters

MIDEAST STOCKS-Saudi extends gains as global rally lifts most of Gulf - Reuters:

Saudi Arabia's stock market rose for a
fifth straight day on Monday as most major Gulf bourses gained,
reflecting positive global market sentiment after the United
States and China reached a trade war truce.

Saudi's index was up 0.4% with banks leading gains.
Al Rajhi Bank rose 0.9% and Arab National Bank
climbed 2.9%.

The index is up 13% this year, led by foreign investors, who
have been net buyers of Saudi equities in recent months.

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