Saudi Arabia's bourse edged higher to hit a 15-month high as banking shares gain on signs of growth in second-quarter earnings, but trading is muted across the Gulf due to a summer lull.
The index advanced
Saudi Arabian shares closed up 0.9 per cent at their highest level in a week amid gains for the banking and petrochemical sectors. The all-share index closed at 7,608 points following Friday's gains in oil futures.
The banks index clos
Saudi Arabian petrochemical stocks led gains on the bourse, which rallied for a seventh session in eight on Sunday as earnings expectations buoyed confidence and most other Gulf markets rose on an upbeat global backdrop.
Bellwether Saudi B
Saudi shares closed higher on Saturday, lifted by gains in the banking and petrochemical sectors. The all-share added 0.6 per cent to 7,075 points, its highest close this year.
The petrochemical index added 0.5 per cent to 6,606 points, l
Saudi shares closed 0.6 per cent higher on Saturday mainly due to a boost from banking and petrochemical gains.
The all-share index ended at 6,253 points and the petrochemical sector adds 0.7 per cent to 6,294 points.
Saudi shares rose in early trading on Saturday, led by gains in the petrochemical sector after oil prices rose on Friday.
US crude closed at a 15-week high and posted a sixth consecutive weekly gain while Brent pushed higher a third straig
Saudi shares closed one per cent higher on Saturday, driven by gains in the petrochemical sector after oil prices rose yesterday.
The all-share ended one per cent higher to 6,165 points and the petrochemical index added 1.7 per cent to 6,2
Saudi stocks opened 0.5 per cent higher on Saturday with gains in all sectors after oil prices rose yesterday and five major banks posted strong third quarter profits. The all-share rose 0.6 per cent to 6,141 points.
The oil prices r
Saudi Arabia's shares rebounded from Monday's three-week low, mirroring gains in world stocks, on a report that Italy may get financial support from China to avoid a default but worries persist on euro-zone debt crisis.
Saudi shares closed lower on Saturday, dragged down by losses in the petrochemical and banking sectors. The all-share ended 1.7 per cent lower, closing at 6,625 points.
The petrochemical index dropped 1.9 per cent to 6,805 points as h