#Saudi Equities Jump to 2015 Level on Higher Oil Bets: Chart - Bloomberg

Saudi Equities Jump to 2015 Level on Higher Oil Bets: Chart - Bloomberg

Saudi Arabia’s main equities index closed at its highest since June 2015, with more than three-quarters of Tadawul All Share Index members up this year. The gauge has been boosted by bets that crude prices will rise as OPEC+ producers keep a tight leash on supply while economic activity picks up globally. Goldman Sachs Group Inc. analysts estimate that crude, the kingdom’s biggest export, will be at $80 a barrel by the end of the third quarter.