Saudi bourse gains amid strong oil prices; Egypt falls – Reuters
- Date: 09-Apr-2023
- Source: Reuters
- Sector:Financial Markets
- Country:Saudi Arabia
Saudi bourse gains amid strong oil prices; Egypt falls – Reuters
April 9 (Reuters) - Saudi Arabia's stock market finished higher on Sunday, ending two sessions of losses, while the Egyptian bourse extended losses on rising inflation.
Saudi Arabia's benchmark index (.TASI) gained 0.6%, helped by a 1.7% rise in Retal Urban Development Co (4322.SE).
The Saudi stock market could extend its gains this week with sentiment among local investors improving. The main index has been able to climb above this year's peak, providing a strong impetus for investors to buy, said Ahmed Negm, Head of Market Research MENA at XS.com.
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