Monday 19 August 2019

MIDEAST STOCKS-Gulf markets mixed but #Saudi outperforms on banks - Reuters

MIDEAST STOCKS-Gulf markets mixed but Saudi outperforms on banks - Reuters:

Saudi Arabian stocks were lifted on
Monday as most of its banking shares rose amid rising oil
prices, while other Middle Eastern bourses in the region were
lacklustre.

Crude oil prices rose following a weekend attack on a Saudi
oil facility by Yemeni Houthi forces and as traders looked for
signs of progress in U.S.-China trade negotiations.

Saudi Arabia's index rose 0.5% with Al Rajhi Bank
, adding 0.8% and Saudi Telecom increasing
2.4%.

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