MIDEAST STOCKS-Saudi stocks gain on oil supply restoration hopes - Reuters:
Saudi Arabia's stock market rebounded on
Wednesday, on back of financial and petrochemical shares after
the kingdom's energy minister said that full oil production
would be restored by end of September.
Saudi Energy Minister Prince Abdulaziz bin Salman on Tuesday
sought to reassure markets, saying the kingdom would restore its
lost oil production by month-end, having returned supplies to
the levels they were prior to the weekend attacks on Aramco's
plants in Abqaiq and Khurais.
Aramco's chief executive said the state-owned oil giant was
able to supply the local market and would compensate local
refineries with additional feed in the next couple of days.
The Saudi Arabian index was 0.7% higher as Al Rajhi
Bank added 1.8% and Banque Saudi Fransi
advanced 2.6%.
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