MIDEAST STOCKS-Saudi shares fall after OPEC+ output deal falters - Agricultural Commodities - Reuters:
Saudi Arabia's stock market closed
lower on Sunday following eight winning sessions as investors
paused after OPEC and other oil producing countries struggled to
finalise a record deal to cut output and support crude prices.
Saudi's benchmark index fell 2%, weighed down by
index heavyweight Saudi Aramco down 1.3%, Al Rajhi
Bank down 1.6% and a 3.4% drop in petrochemicals maker
Saudi Basic Industries.
Shares in the United Arab Emirates, where the indexes last
week saw their biggest weekly percentage gains in years, rose
further as investors continued bargain buying.
Dubai's main share index rose 4.2% with Emirates
NBD Bank up 4.8% and Emaar Properties
closing 5.5% higher.
In Abu Dhabi, the index added 2.1% as First Abu Dhabi
Bank rose 3.3% and Abu Dhabi Commercial Bank
surged 9.3%.
No comments:
Post a Comment