MIDEAST STOCKS-Banks boost Saudi market as Aramco continues rally - Reuters:
Saudi Arabia's stock market rose on
Monday, led by banking shares and Aramco, as the oil giant
climbed for the fourth straight day since listing. Most other
major Gulf bourses were also higher.
Riyadh's benchmark index increased 1.1%, with Al
Rajhi Bank and Arab National Bank gaining
1.9% and 3.3%, respectively.
Saudi Aramco closed up 1.6% at 38 riyals.
The state-owned firm will join the Tadawul index and global
benchmarks such as MSCI and FTSE this week, likely leading to
"passive" inflows from investors who track such indexes.
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