Arab Today, arab today petchem stocks spur tadawul
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

Petchem stocks spur tadawul

Arab Today, arab today

Arab Today, arab today Petchem stocks spur tadawul

Jeddah - Arabs Today

Saudi Arabia’s stock market made its largest one-day gain in 10 weeks yesterday, rallying to a seven-week high as petrochemicals stocks rose on bargain hunting and most other Gulf bourses also gained. Saudi Basic Industries Corp. (SABIC) climbed 2.3 percent, National Industrialization rose 2.6 percent and Saudi Arabian Fertilizers added 1.9 percent. Saudi petrochemical and banking shares suffered heavy losses after broadly disappointing third-quarter earnings, dragging the benchmark back to July levels, but analysts said this selling was overdone and had forecast share prices would recover after the Eid Al-Adha holidays ended on Nov. 2. “Petchem stocks were hammered with the results and keeping in mind global markets just opened yesterday and oil is up, this is opportunity buying,” Tariq Alalaiwat, equity research analyst at NCB Capital, told Reuters. Brent crude rose more than $ 1 a barrel yesterday. Saudi’s bank index rose 1.2 percent. Banque Saudi Fransi and Samba Financial Group were the main gainers, rising 3.3 and 2 percent respectively. The main benchmark index climbed 1.1 percent to close at its highest level since Sept. 25. From : Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today petchem stocks spur tadawul Arab Today, arab today petchem stocks spur tadawul

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today petchem stocks spur tadawul Arab Today, arab today petchem stocks spur tadawul

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday