Mideast Stocks: Major Gulf bourses get off to mixed start – ZAWYA
- Date: 11-Jun-2020
- Source: Zawya
- Sector:Financial Markets
- Country:Gulf
Mideast Stocks: Major Gulf bourses get off to mixed start – ZAWYA
Major stock markets in the Gulf were mixed in early trade on Monday, having rallied in the previous session buoyed by the OPEC+ group of oil producers agreeing to extend record production cuts until the end of July.. Saudi Arabia's benchmark index eased 0.1% in early trade, hurt by a 0.6% drop in oil giant Saudi Aramco and a 0.5% decline in petrochemical firm Saudi Basic Industries .. The index's fall was cushioned by gains in financial stocks including Al Rajhi Bank , which was up 0.7%.