Sunday, 22 December 2019

MIDEAST STOCKS-Petrochemicals lift #Saudi shares, #Qatar rises on banks - Reuters

MIDEAST STOCKS-Petrochemicals lift Saudi shares, Qatar rises on banks - Reuters:

Saudi Arabia's main stock market index
rose for a sixth consecutive session on Sunday as gains in
petrochemical shares overshadowed losses in oil giant Aramco, while Qatar was boosted by financials.

Saudi Arabia's benchmark index edged up 0.1% with Al
Rajhi Bank gaining 0.6% while National
Industrialization (Tasnee) was up 4.3%.

Among other stocks, Saudi Vitrified Clay Pipe
surged 10% after its board proposed a 1 riyal per share dividend
for the second half.

Saudi Aramco's shares, however, fell for a fourth-day in a
row, to close 0.6% down at 35.3 riyals ($9.41).

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