MIDEAST STOCKS-Saudi stocks gain as most of Gulf markets rise - Agricultural Commodities - Reuters:
Saudi Arabia’s stock market rose early on Sunday, extending gains for a second session on the back of firmer banking and energy shares, while other major Gulf markets were mostly up.
The Saudi index rose 0.7% as Al Rajhi Bank gained 1.4%, while oil-giant Saudi Aramco added a further 0.7% after a 0.4% rise in the previous session.
On Tuesday, Aramco said Goldman Sachs may make additional purchases of the oil giant’s shares to support the price of the stock. The so-called stabilisation period will end on Jan. 9.
Saudi Arabian Amiantit was up 0.7% after it agreed to sell its entire stake in two Egyptian units.
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