Thursday 19 September 2019

MIDEAST STOCKS- #Saudi stocks rise on oil supply pledge, interest rate cut - Reuters

MIDEAST STOCKS-Saudi stocks rise on oil supply pledge, interest rate cut - Reuters:

Saudi Arabia’s stock market edged up in early trading on Thursday after Riyadh said oil production lost in weekend attacks on two Aramco plants would be restored by the end of September.

Saudi Arabia said it continues to supply oil to its customers from its stockpiles and the attacks would have no impact on government revenues.

The Saudi index was up 0.2%. National Commercial Bank and Saudi Telecom both rose 1%.

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