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Gulf stock markets

Most major Gulf markets gain; Saudi index dips
Markets

Most major Gulf markets gain; Saudi index dips

  • Saudi Arabia's crown prince said oil firm Aramco and petrochemical firm SABIC would lead 5 trillion riyals ($1.33 trillion) of investments by the local private sector by 2030 under a programme announced on Tuesday for economic diversification.
  • The kingdom's benchmark index eased 0.1%, hit by a 1.5% fall in oil giant Saudi Aramco and 2% slide in Saudi Basic Industries Corp.
Published 01 Apr, 2021 07:48pm
Abu Dhabi leads most Gulf markets higher
Markets

Abu Dhabi leads most Gulf markets higher

  • Pharma company Moderna said on Monday its experimental vaccine was 94.5% effective in preventing the virus, which has ravaged economies across the globe.
  • Saudi Arabia's benchmark index rose 0.3%, with Al Rajhi Bank rising 1% and Dr Sulaiman Al-Habib Medical Services advancing 2.6%.
Published 16 Nov, 2020 07:50pm