Market WrapJan 28, 2015Markets & Economy
Maryam Behmard on Middle East Wrap: A Second Day of Gains
Recovering oil lifts the Gulf: Saudi Arabia jumps 2.6% as petrochemicals and banks lead the charge.
In this segment
- Saudi Basic Industries climbs over 5%; Yanbu National Petrochemical hits its 10% limit.
- Zain Saudi rises over 5% on tower-sale news; Samba surges nearly 9%.
- Gulf Bank jumps more than 3% on a $30 million Q4 profit.
- Brent recovers to around $49 despite a record rise in US crude stocks.