Saudi shares opened higher on Saturday, lifted by gains in the petrochemical and banking stocks after oil prices rose for the fourth day on Friday.
Oil prices rose for the fourth day on Friday on hopes for more stimulus from the Federal Reserve after data showed US economic growth slowed in the second quarter as expected.
The all-share added 1 per cent to 6,734 points and the petrochemical index added 1.6 per cent to 5,822 points.
Heavyweight Saudi Basic Industries Corporation (Sabic) gained two per cent in early trading.
The banking sector added 1 per cent to 15,476 points.
Gold price is still not stabilized in India like everywhere else. After going down, the g
Gold price opens lower in Hong Kong
The gold price in Hong Kong went down 180 HK dollars to open at 12,720 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society.
The price is equivalent
Market Cap Indices Turn Red at Qatar Exchange
The QE index spending almost the entire session below the break even line witnessed a bearish trend on Thursday 23rd May 2013. The index dropping 37.28 points or 0.41 percent reached at 9,048.62 leve
Small Cap and Large Cap Push ADX Index Lower
The ADX General Index sustained its downward march and finished the session with a decline of 1.23 percent on Thursday 23rd May 2013 . The index dropped 43.02 points, closing at 3,460.36.
M
WEF to focus on challenges
Leaders from the Middle East and North Africa in business, economics and politics will focus on the aftermath of the Arab Spring as they gather for the World Economic Forum in Jordan this weekend.