US EditionSaudi market rebounds with $15.2 billion surge, offsetting Gulf losses amid geopolitical tensions - Times Kuwait
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DUBAI – Reuters: Gulf stock markets closed higher on Monday, recouping losses from previous sessions due to the escalating conflict between Israel and Iran. The Saudi stock index advanced 1.3 percent, supported by a 1.5 percent rise in Al Rajhi Bank and a 6.9 percent rise in ACWA Power. Osama Al Saifi, general manager for the Middle East […]
Saudi market rebounds with $15.2 billion surge, offsetting Gulf losses amid geopolitical tensions - Times Kuwait
The Saudi stock market staged a strong recovery on Sunday, gaining $15.2 billion in capitalization and reversing the heavy losses recorded across Gulf markets last Thursday. The gain shifted the overall performance of the five Gulf exchanges that traded on Sunday into positive territory, with net gains reaching $1.3 billion — a 0.03% increase — despite continued sharp declines in four other markets, reports Al-Anba daily. This rebound came amid …
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