×

What are you searching for?




News

4 Min read

The OPEC deal results in Saudi stocks going up

Published On 13 Dec 2019 11:31 AM


SHARE THIS ARTICLE  


Since OPEC and its allies decided to extend the production cuts by 500,000 barrels a day to boost oil prices, the Saudi stock market rose strongly on Sunday, led by bank shares. On Friday, Saudi Arabia led the OPEC+ Group, which in a decade is seeking to avert over-supply and increase prices, will commit to certain of the deepest cuts to production.

The Saudi exchange has increased by 2.4 percent to 8.099 heavy volume points, and the....


Tags : Emirates Telecommunications, OPEC, OPEC+ Group, Saudi Stock Exchange Tadawul, Arabtec Holding, FTSE and S&P Emergent Markets,
SHARE THIS ARTICLE  

Leave a comment 

comments (0)