MIDEAST STOCKS-Saudi rises as oil remains over $30; others trade mixed - Agricultural Commodities - Reuters:
The Saudi Arabian stock market advanced on Wednesday, a day after Brent prices surged nearly 14%, while shares in the United Arab Emirates were subdued following losses in financial stocks.
On Tuesday, International benchmark Brent crude rose $3.77, or 13.9%, to settle at $30.97 a barrel, as countries began easing coronavirus lockdown measures.
The benchmark on Wednesday was up 0.1%, or 3 cents, at $31 a barrel by 0747 GMT.
Saudi Arabia’s benchmark index gained 1.3%, with petrochemical firm Saudi Basic Industries rising 2% and National Commercial Bank, the country’s largest lender, was up 1.3%.
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