MIDEAST STOCKS-Saudi rebounds on financials, Dubai extends losses - Agricultural Commodities - Reuters:
The Saudi stock market rose in early trade on Wednesday in a boost mainly from financial stocks and a recovery in oil prices, while Dubai extended losses on falling bank and property shares.
Oil prices recovered some ground, having touched their lowest in close to a month in the previous session on fears over a weakening global economy.
Saudi Arabia’s index traded 0.7% higher, offsetting its losses in the previous session, as all banking shares rose. Al Rajhi Bank added 1.4%, while National Commercial Bank rose 0.8%.
No comments:
Post a Comment