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MIDEAST STOCKS-Gulf bourses gain ahead of earnings, #Dubai's DAMAC surges - Agricultural Commodities - Reuters

MIDEAST STOCKS-Gulf bourses gain ahead of earnings, Dubai's DAMAC surges - Agricultural Commodities - Reuters:Most major stock markets in the Gulf rose in early trade on Sunday ahead of the usual flurry of corporate results that begins after July 15 each year, with DAMAC Properties leading Dubai shares higher.Last Thursday, an investment firm said that on behalf of Hussain Sajwani - founder and Chairman of DAMAC Properties - and his group, it was exploring the possibility of his buying out minor...
Tags: Travel, Saudi Arabia, Vodafone, Dubai, Gulf, Riyad Bank, DAMAC Properties, Rupert Neil Bumfrey, Saudi Telecom, Damac, Hussain Sajwani, Al Rajhi Bank, Vodafone Egypt, Agricultural Commodities Reuters


MIDEAST STOCKS- #Saudi bourse gains in early trade; other markets quiet - Agricultural Commodities - Reuters

MIDEAST STOCKS-Saudi bourse gains in early trade; other markets quiet - Agricultural Commodities - Reuters:Saudi Arabia’s stock market rose in early trade on Thursday, supported by petrochemicals and banking shares, while trade on other major bourses in the Gulf was subdued.Saudi Arabia’s benchmark index added 0.3%, driven by a 0.4% gain in Al Rajhi Bank and a 1.5% rise in Saudi Arabian Fertilizers.Saudi Arabia said on Wednesday it had completed the first batch of its flour milling sector privat...
Tags: Travel, Saudi Arabia, Dubai, Gulf, Aramex, Bunge Ltd, Archer Daniels Midland Co, Rupert Neil Bumfrey, Al Rajhi Bank, Emirates NBD Bank, Agricultural Commodities Reuters, Saudi Arabian Fertilizers Saudi Arabia


MIDEAST STOCKS-Banks, property shares buoy #UAE; Egypt retreats - Agricultural Commodities - Reuters

MIDEAST STOCKS-Banks, property shares buoy UAE; Egypt retreats - Agricultural Commodities - Reuters:Stock markets in the United Arab Emirates(UAE) closed higher on Tuesday, led by financials and propertyshares, while Egypt ended marginally lower as tobaccoheavyweight Eastern Company lost more than 3%.Dubai's main share index gained 0.5%, led by a 1.5%rise in blue-chip developer Emaar Properties and a0.5% gain in Emirates NBD Bank.Amlak Finance surged 14.6%, its biggest intradaygain since Dec. 20...
Tags: Travel, Egypt, Dubai, Abu Dhabi, Uae, United Arab Emirates UAE, Emaar Properties, Rupert Neil Bumfrey, First Abu Dhabi Bank, Eastern Company, Agricultural Commodities Reuters, Emirates NBD Bank Amlak Finance, whileAbu Dhabi Islamic Bank, Abu Dhabi National EnergyCompany Taqa


MIDEAST STOCKS-Banks buoy #Saudi index; other major Gulf markets quiet - Agricultural Commodities - Reuters

MIDEAST STOCKS-Banks buoy Saudi index; other major Gulf markets quiet - Agricultural Commodities - Reuters:The Saudi Arabian stock market rose in early trade on Sunday, buoyed by its banking shares, while other major Gulf bourses were little changed.Saudi Arabia’s benchmark index gained 0.6%, driven by a 0.5% rise in Al Rajhi Bank and a 1% increase in Riyad Bank.The kingdom extended for an additional period several government initiatives to support the private sector and investors in mitigating ...
Tags: Travel, Saudi Arabia, Qatar, Spa, Gulf, Salman, Riyad Bank, Rupert Neil Bumfrey, Al Rajhi Bank, Masraf Al Rayan, Qatar National Bank the Gulf, Agricultural Commodities Reuters


MIDEAST STOCKS-Most major Gulf markets gains; Aramex drags #Dubai lower - Agricultural Commodities - Reuters

MIDEAST STOCKS-Most major Gulf markets gains; Aramex drags Dubai lower - Agricultural Commodities - Reuters:Most major Gulf stock markets opened higher on Thursday, with Saudi Arabia leading the gains on back of its financials, while Dubai bucked the trend.Saudi Arabia’s benchmark index rose 0.6%, led by a 1.1% increase in Al Rajhi Bank and a 1% gain in petrochemical maker Saudi Basic Industries.Elsewhere, National Commercial Bank (NCB) traded 0.3% up.NCB has completed the issuance of additional...
Tags: Travel, Saudi Arabia, Dubai, Gulf, Aramex, NCB, Rupert Neil Bumfrey, Al Rajhi Bank, Agricultural Commodities Reuters


MIDEAST STOCKS-Banks buoy Qatar's index, DAMAC surges on buyout report - Agricultural Commodities - Reuters

MIDEAST STOCKS-Banks buoy Qatar's index, DAMAC surges on buyout report - Agricultural Commodities - Reuters:Qatar's banking shares ended higher onWednesday after two lenders in the sector said they had startedmerger talks, while Dubai-listed DAMAC Properties surged on areport its chairman might take it private.The Qatar index advanced 1%, led by a 5% jump inMasraf Al Rayan after it and Al Khaliji CommercialBank said they had started negotiating a potentialmerger that could create a combined enti...
Tags: Travel, Qatar, Dubai, DAMAC Properties, Rupert Neil Bumfrey, QNB Financial Services, Agricultural Commodities Reuters, Al Khaliji Commercial Bank, Al Khaliji CommercialBank, Al Khalijihas


MIDEAST STOCKS-Masraf Al Rayan boosts Qatar, DAMAC surges on buyout report - Agricultural Commodities - Reuters

MIDEAST STOCKS-Masraf Al Rayan boosts Qatar, DAMAC surges on buyout report - Agricultural Commodities - Reuters:Qatar’s stock market jumped on Wednesday, boosted by Masraf Al Rayan after the lender and Al Khaliji Commercial Bank said they had started merger talks, while Dubai-listed DAMAC Properties surged on a report its chairman might take it private.In Qatar, the index advanced 1.5%, boosted by a 6.8% jump in Masraf Al Rayan.The merger could create a combined entity with more than 164 billion...
Tags: Travel, Qatar, Middle East, Dubai, DAMAC Properties, Rupert Neil Bumfrey, Damac, Masraf Al Rayan, Agricultural Commodities Reuters, Al Khaliji Commercial Bank


MIDEAST STOCKS-Banks weigh on #Saudi as most major Gulf markets ease - Agricultural Commodities - Reuters

MIDEAST STOCKS-Banks weigh on Saudi as most major Gulf markets ease - Agricultural Commodities - Reuters:Most major Gulf stock markets fell onTuesday, with Saudi leading losses on the back of declines infinancial shares.Saudi Arabia's benchmark index dropped 0.9%, with AlRajhi Bank down 1.1% while Samba Financial Group fell 2.7%, ending three sessions of gains spurred byan initial merger agreement with National Commercial Bank (NCB).NCB, the kingdom's biggest lender, was down 0.3%.A senior Inter...
Tags: Travel, Saudi Arabia, Dubai, International Monetary Fund, Gulf, Gulf Cooperation Council GCC, Emaar Properties, Rupert Neil Bumfrey, Samba Financial Group, Agricultural Commodities Reuters, DubaiIslamic Bank, AlRajhi Bank, National Commercial Bank NCB NCB


MIDEAST STOCKS-Banks aid #Saudi index; other major markets mixed - Agricultural Commodities - Reuters

MIDEAST STOCKS-Banks aid Saudi index; other major markets mixed - Agricultural Commodities - Reuters:Saudi Arabia’s stock market rose on Tuesday led by banking shares, as the kingdom is set to triple value-added tax (VAT) starting from July 1, while other major regional markets were mixed.Saudi Arabia’s benchmark index gained 0.5%, with Al Rajhi Bank rising 0.5% and petrochemical firm Saudi Basic Industries adding 0.8%.The kingdom will triple value-added tax to 15% from 5% as of July 1, seeking ...
Tags: Travel, Saudi Arabia, National Commercial Bank NCB, Rupert Neil Bumfrey, Saudi Basic Industries, Samba Financial Group, Al Rajhi Bank, Agricultural Commodities Reuters


MIDEAST STOCKS-NCB, Samba jump on potential merger; #Qatar eases - Agricultural Commodities - Reuters

MIDEAST STOCKS-NCB, Samba jump on potential merger; Qatar eases - Agricultural Commodities - Reuters:Saudi Arabia’s stock market rose on Sunday, boosted by National Commercial Bank and Samba Financial Group Bank after they signed an initial merger agreement, while Qatar’s index retreated in early trade.The benchmark index in Saudi Arabia rose 0.9%, with Samba Financial Group jumping 9.9% and National commercial Bank (NCB) up 5.2%.NCB, the kingdom’s biggest lender, said on Thursday it had signed ...
Tags: Travel, Saudi Arabia, Qatar, Samba, National Commercial Bank NCB, NCB, Rupert Neil Bumfrey, Samba Financial Group, National Commercial Bank, Agricultural Commodities Reuters, NCB Samba, Samba Financial Group Bank


MIDEAST STOCKS-Major Gulf markets retreat in early trade - Agricultural Commodities - Reuters

MIDEAST STOCKS-Major Gulf markets retreat in early trade - Agricultural Commodities - Reuters:Major Gulf stock markets traded lower on Thursday, with Saudi Arabian shares hit by an International Monetary Fund (IMF) forecast of a deeper than anticipated recession in the country.Saudi Arabia’s benchmark index dropped 0.8%, with Al Rajhi Bank falling 0.7% and petrochemical company Saudi Basic Industries down 1.5%.The Saudi economy will shrink by 6.8% this year, the IMF said on Wednesday, a sharper ...
Tags: Travel, Saudi Arabia, Dubai, Imf, Gulf, Emirates NBD, International Monetary Fund IMF, Saudi Arabian, Emaar Properties, Rupert Neil Bumfrey, Saudi Basic Industries, Al Rajhi Bank, Major Gulf, Agricultural Commodities Reuters


MIDEAST STOCKS- #Saudi index retreats on haj curbs; Egypt outperforms - Agricultural Commodities - Reuters

CORRECTED-MIDEAST STOCKS-Saudi index retreats on haj curbs; Egypt outperforms - Agricultural Commodities - Reuters:Saudi Arabian shares ended lower onWednesday, following the kingdom's decision to bar visitors fromabroad from the annual haj pilgrimage due to the coronavirus,while the Egyptian bourse advanced with broad-based gains amongits constituents.Saudi Arabia's benchmark index was down 0.7%, hurtby a 1.9% fall in Al Rajhi Bank and a 1.4% decline inpetrochemical firm Saudi Basic Industries....
Tags: Travel, Saudi Arabia, Egypt, Rupert Neil Bumfrey, Saudi Basic Industries, Al Rajhi Bank, Agricultural Commodities Reuters


MIDEAST STOCKS- #Dubai gains on further lockdown easing; other markets dip - Agricultural Commodities - Reuters

MIDEAST STOCKS-Dubai gains on further lockdown easing; other markets dip - Agricultural Commodities - Reuters:The Dubai stock market rose on Monday after the emirate said it would allow tourists to enter from July 7 in a further easing of its coronavirus lockdown, outperforming other major Gulf markets which retreated in early trade.In Dubai, the index rose 0.5%, with its largest lender Emirates NBD rising 1.2% and budget airliner Air Arabia gaining 1.8%.Dubai will also allow those with residenc...
Tags: Travel, United Arab Emirates, Dubai, Gulf, Emirates NBD, Air Arabia, Rupert Neil Bumfrey, Agricultural Commodities Reuters


MIDEAST STOCKS-Major Gulf indexes retreat amid falling oil prices - Agricultural Commodities - Reuters

MIDEAST STOCKS-Major Gulf indexes retreat amid falling oil prices - Agricultural Commodities - Reuters:Stock markets in the Gulf traded lower on Thursday after oil prices fell on worries about slow demand growth as coronavirus cases rise, with U.S. crude stockpiles hitting an all-time high.Brent crude futures fell 3.4%, or $1.42, to $40.31 a barrel by 0740 GMT, erasing Wednesday’s gains.The benchmark index in Saudi Arabia, which has reported the highest number of new coronavirus infections in th...
Tags: Travel, Saudi Arabia, Gulf, Gulf Cooperation Council, Rupert Neil Bumfrey, Saudi Basic Industries, National Commercial Bank, Al Rajhi Bank, Major Gulf, Agricultural Commodities Reuters


MIDEAST STOCKS-Profit-taking weighs on #Dubai; #Saudi rises as bank stocks gain - Agricultural Commodities - Reuters

MIDEAST STOCKS-Profit-taking weighs on Dubai; Saudi rises as bank stocks gain - Agricultural Commodities - Reuters:Dubai's stock market fell on Tuesday,snapping six sessions of gains, dragged by property shares andprofit-taking, while the Saudi index rose modestly.Dubai's main share index retreated 1.8%, draggeddown by a 4.1% fall in blue-chip developer Emaar Properties and a 3.9% decline in Emaar Development.Mall operators in the Gulf region are delaying newmega-projects as the COVID-19 pandemi...
Tags: Travel, Saudi Arabia, Dubai, Gulf, Emaar Properties, EFG Hermes, Rupert Neil Bumfrey, Agricultural Commodities Reuters, AlRajhi Bank, Emaar Development Mall, Sulaiman Al Habib MedicalServices


MIDEAST STOCKS-Property stocks weigh on #Dubai; #Saudi up on banks - Agricultural Commodities - Reuters

MIDEAST STOCKS-Property stocks weigh on Dubai; Saudi up on banks - Agricultural Commodities - Reuters:Dubai’s stock market was on course to snap six sessions of gains on Tuesday, pressured by losses in real estate shares, while the Saudi index gained on the back of a rally in banks.Dubai’s main share index retreated 1.4%, weighed down by a 2.4% fall in blue-chip developer Emaar Properties and a 1.4% drop in Emaar Malls.Mall operators in the Gulf region are delaying new mega-projects as the COVID...
Tags: Travel, Dubai, Gulf, Dubai Mall, Emaar Properties, Rupert Neil Bumfrey, Emaar Malls, Agricultural Commodities Reuters, Emaar Malls Mall


MIDEAST STOCKS- #Saudi index eases ahead of OPEC+ meet; others markets mixed - Agricultural Commodities - Reuters

MIDEAST STOCKS-Saudi index eases ahead of OPEC+ meet; others markets mixed - Agricultural Commodities - Reuters:Major stock markets moved sideways in lacklustre trade on Wednesday, while shares in Saudi Arabia retreated ahead of an OPEC+ meeting on output cuts.The Organization of the Petroleum Exporting Countries (OPEC) and other major producers including Russia, a group known as OPEC+, may extend production cuts of 9.7 million barrels per day (bpd), equivalent to about 10% of global production,...
Tags: Travel, Saudi Arabia, Russia, Opec, Rupert Neil Bumfrey, Saudi Basic Industries, Saudi Electricity, Agricultural Commodities Reuters


MIDEAST STOCKS-Major Gulf stocks end higher, #Qatar outperforms - Agricultural Commodities - Reuters

MIDEAST STOCKS-Major Gulf stocks end higher, Qatar outperforms - Agricultural Commodities - Reuters:Most major stock markets in the MiddleEast ended higher on Monday as optimism over easing coronavirusrestrictions boosted risk appetite.In Dubai, the index gained 1.5%, with its largestlender Emirates NBD adding 2.8% and Emaar Properties increasing 1.6%.Last week, Dubai lifted restrictions on movement and allowedbusiness activity to restart.The UAE, which had suspended entry of non-Emirati residen...
Tags: Travel, Qatar, Dubai, Uae, Gulf, Emirates NBD, Emaar Properties, Rupert Neil Bumfrey, Middleeast, Agricultural Commodities Reuters, Ooredoo Ooredoo


MIDEAST STOCKS-Major Gulf stocks gain in early trade amid rising oil prices - Agricultural Commodities - Reuters

MIDEAST STOCKS-Major Gulf stocks gain in early trade amid rising oil prices - Agricultural Commodities - Reuters:Major Gulf stock markets opened higher on Sunday amid rising oil prices, with Saudi Arabia getting an additional boost from corporate earnings.U.S. crude prices jumped 7% on Friday and Brent crude settled 4.4% up at $32.50 a barrel as demand shows signs of picking with countries easing travel restrictions.Saudi Arabia’s benchmark index was up 1.1% led by Saudi Aramco which rose 1.4% t...
Tags: Travel, Saudi Arabia, Gulf, Saudi Aramco, Riyad Bank, Rupert Neil Bumfrey, National Commercial Bank, Major Gulf, Agricultural Commodities Reuters


MIDEAST STOCKS-Major Gulf stocks fall as OPEC cuts oil demand forecast - Agricultural Commodities - Reuters

MIDEAST STOCKS-Major Gulf stocks fall as OPEC cuts oil demand forecast - Agricultural Commodities - Reuters:Major Gulf stock markets retreated in early trade on Thursday after the Organization of the Petroleum Exporting Countries (OPEC) slashed its forecast again for global oil demand this year.OPEC now expects global demand to contract by 9.07 million barrels per day, or 9.1%, in 2020, it said in a monthly report on Wednesday. Last month, OPEC expected a contraction of 6.85 million bpd. Saudi A...
Tags: Travel, Saudi Arabia, Opec, Saudi Aramco, Rupert Neil Bumfrey, Saudi Basic Industries, Banque Saudi Fransi, Major Gulf, Agricultural Commodities Reuters


MIDEAST STOCKS-Ease in restrictions buoys #Dubai, #Saudi extends gains - Agricultural Commodities - Reuters

MIDEAST STOCKS-Ease in restrictions buoys Dubai, Saudi extends gains - Agricultural Commodities - Reuters:Shares in Saudi Arabia rose on Wednesday, extending gains from the previous session after the kingdom committed to deeper oil output cuts, while a further easing in coronavirus-related restrictions cheered Dubai’s index.On Monday, the kingdom said it would deepen output cuts in June beyond its quota under the latest OPEC+ deal to help drain a supply glut.Saudi Arabia’s benchmark index advanc...
Tags: Travel, Saudi Arabia, Opec, Dubai, Saudi Aramco, LPC, Rupert Neil Bumfrey, Agricultural Commodities Reuters, Saudi Basic Industries SABIC Oil


MIDEAST STOCKS-Oil buoys #Saudi, Aramco's Q1 profit slides - Agricultural Commodities - Reuters

MIDEAST STOCKS-Oil buoys Saudi, Aramco's Q1 profit slides - Agricultural Commodities - Reuters:Saudi Arabian stocks gained in early trade on Tuesday amid rising oil prices following the kingdom’s pledge to deepen an output cut, while other Middle Eastern bourses were little changed.Brent crude futures advanced 1.6% to $30.09 by 0717 GMT, buoyed by an unexpected Saudi commitment to deepen production cuts in June to help drain the global glut that has built up as the coronavirus crushed fuel deman...
Tags: Travel, Saudi Arabia, Saudi Aramco, Rupert Neil Bumfrey, Saudi Basic Industries, Agricultural Commodities Reuters


MIDEAST STOCKS- #Saudi leads Gulf lower after govt. triples VAT rate - Agricultural Commodities - Reuters

MIDEAST STOCKS-Saudi leads Gulf lower after govt. triples VAT rate - Agricultural Commodities - Reuters:Gulf stock markets lost ground in early trade on Monday, with Saudi Arabia’s index falling the most after the kingdom said it will triple its value-added tax rate and suspend a cost of living allowance for state employees to shore up its finances.The austerity measures are being introduced as the world’s largest oil exporter suffers from slumping oil prices, while at the same time fighting the...
Tags: Travel, Saudi Arabia, Gulf, Rupert Neil Bumfrey, Al Rajhi Bank, Agricultural Commodities Reuters


MIDEAST STOCKS- #Saudi rises as oil remains over $30; others trade mixed - Agricultural Commodities - Reuters

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 ce...
Tags: Travel, Saudi Arabia, United Arab Emirates, Rupert Neil Bumfrey, Saudi Basic Industries, National Commercial Bank, Agricultural Commodities Reuters


MIDEAST STOCKS- #Saudi leads Gulf higher on rising oil prices - Agricultural Commodities - Reuters

MIDEAST STOCKS-Saudi leads Gulf higher on rising oil prices - Agricultural Commodities - Reuters:Major stock markets in the Gulf rose in early trade on Tuesday, with Saudi Arabia leading the gains amid rising oil prices on expectations that fuel demand would begin to pick up.Brent crude rose 6.7% to $29.02 a barrel at 0723 GMT, up for a sixth straight day, as countries began easing coronavirus-led restrictions and crude supply cuts took effect.Saudi’s benchmark index advanced 1.9%, with oil gian...
Tags: Travel, Saudi Arabia, Gulf, Aramco, Rupert Neil Bumfrey, Al Rajhi Bank, Agricultural Commodities Reuters


MIDEAST STOCKS-Major Gulf stocks slide as U.S.-China trade tensions simmer - Agricultural Commodities - Reuters

MIDEAST STOCKS-Major Gulf stocks slide as U.S.-China trade tensions simmer - Agricultural Commodities - Reuters:Most major bourses in the Gulf fell sharply on Sunday with Saudi Arabia falling the most, mirroring Friday’s slide in global shares after President Donald Trump’s revived threat of new U.S. tariffs against China dampened risk appetite.Trump’s threat to impose new tariffs in retaliation for China’s handling of the novel coronavirus outbreak soured investor sentiment.Saudi Arabia’s bench...
Tags: Travel, Saudi Arabia, China, Donald Trump, Gulf, Trump, Saudi Electricity Company, Rupert Neil Bumfrey, Al Rajhi Bank, Major Gulf, Agricultural Commodities Reuters, Saudi Aramco Amongst


MIDEAST STOCKS-Major bourses in the Gulf rise on gains in oil prices - Agricultural Commodities - Reuters

MIDEAST STOCKS-Major bourses in the Gulf rise on gains in oil prices - Agricultural Commodities - Reuters:Major stock markets in the Gulf climbed on Wednesday boosted by a jump in oil prices and as sentiment was helped by coronavirus-induced lockdowns easing in some parts of the world.Oil prices gained on Wednesday as U.S. stockpiles rose less than expected and on expectations demand will improve as some European countries and some U.S. cities moved to ease restrictions.Brent crude futures rose ...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Saudi Aramco, Dana Gas, Emaar Properties, Medium Enterprises, Rupert Neil Bumfrey, Industries Qatar, Abu Dhabi Islamic Bank, Al Rajhi Bank, Tuesday Energy


MIDEAST STOCKS-Most Gulf markets rise, tracking oil, Asian shares - Agricultural Commodities - Reuters

MIDEAST STOCKS-Most Gulf markets rise, tracking oil, Asian shares - Agricultural Commodities - Reuters:Most stock markets in the Middle Eastclosed higher on Tuesday, buoyed by gains in Brent oil pricesand Asian, as optimism about the easing of coronavirus-relatedrestrictions reassured markets.Brent crude rose 41 cents, or 2%, to $20.40 a barrelat 1006 GMT, following a 6.8% slide on Monday.Saudi Arabia's benchmark index gained 0.8%, with AlRajhi Bank rising and Saudi British Bankgaining 5.3%.But ...
Tags: Travel, Saudi Arabia, United Arab Emirates, Dubai, Spa, Salman, Emaar Properties, Rupert Neil Bumfrey, Emaar Malls, PetroRabigh, First Abu Dhabi Bank, Agricultural Commodities Reuters, AlRajhi Bank, Qatar Gas Transport Company, Middle Eastclosed, Bankgaining


UPDATE 9-U.S. oil plunges 18%, Brent hovers near $20 a barrel - Agricultural Commodities - Reuters

UPDATE 9-U.S. oil plunges 18%, Brent hovers near $20 a barrel - Agricultural Commodities - Reuters:Brent crude hovered around $20 a barrel and U.S. crude plunged 18% on Monday, driven lower by skittish investors fleeing the U.S. benchmark due to lack of available storage to deal with a coronavirus-induced collapse in demand.Even as governments worldwide are taking tentative steps towards reducing restriction on movement to help economies rebound, fuel demand remains weak.Fuel demand is down 30% ...
Tags: Travel, Rupert Neil Bumfrey, Agricultural Commodities Reuters


MIDEAST STOCKS-Oil price fall hurts #Saudi market; others mixed - Agricultural Commodities - Reuters

MIDEAST STOCKS-Oil price fall hurts Saudi market; others mixed - Agricultural Commodities - Reuters:Saudi Arabia's stock market slipped onMonday, ending three sessions of gains amid falling oil prices,while Dubai's index was buoyed by gains in banking shares.Oil prices fell on Monday on concerns about scarce storagecapacity and global economic doldrums from the coronaviruspandemic. Brent crude was down 85 cents, or 4%, at$20.59 a barrel by 1143 GMT.Saudi Arabia's benchmark index retreated 0.2%, ...
Tags: Travel, Saudi Arabia, United Arab Emirates, Dubai, Bank, Rupert Neil Bumfrey, Saudi Basic Industries, Agricultural Commodities Reuters, Dubai IslamicBank