MIDEAST STOCKS-Financials lead Saudi higher, Emirates NBD pulls Dubai lower - Agricultural Commodities - Reuters:
Saudi Arabia’s stock market opened higher on Sunday, led by gains in financial and petrochemical shares while Emirates NBD pushed Dubai bourse lower.
The Saudi index was up 0.3% in early trade. Al Rajhi Bank and the Gulf’s largest petrochemical maker Saudi Basic Industries both rose 0.5%.
Saudi Arabia has named Prince Abdulaziz bin Salman, a son of the king, as energy minister, replacing Khalid al-Falih, in a reshuffle that a Saudi official said would cause no shift in Saudi Arabia’s OPEC policy and the top oil exporter will continue with the OPEC-led output cut agreement.
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