PHOTO
Image for illustrative purposes. A trader monitors screens displaying stock information at the Saudi Stock Exchange (Tadawul) in Riyadh June 15, 2015.
Saudi Arabia's stock market ended higher on Sunday, building on the previous session's rebound from a near four-month low.
Saudi Arabia's benchmark index <.TASI> gained 0.9%, with aluminium products manufacturer Al Taiseer Group <4143.SE> rising 0.7% and Al Rajhi Bank <1120.SE> increasing 1.9%.
Among other gainers, oil giant Saudi Aramco <2222.SE> added 0.4%, ahead of a meeting of OPEC+.
OPEC+ is discussing postponing its oil output hike due to start in January for the first quarter of 2025, Reuters reported on Thursday, citing OPEC+ sources, and will hold further talks on this and other options ahead of its delayed policy meeting on Dec. 5.
In Qatar, the index <.QSI> eased 0.2%, hit by a 1% fall in petrochemical maker Industries Qatar <IQCD.QA> and a 0.8% decrease in Qatar Islamic Bank <QISB.QA>.
Outside the Gulf, Egypt's blue-chip index <.EGX30> gained 0.7%, led by a 2.9% rise in tobacco monopoly Eastern Company <EAST.CA>.
Egypt's M2 money supply rose by 29.54% year-on-year in October, central bank data showed.
Money supply stood at 11.24 trillion Egyptian pounds ($226.84 billion), up from 8.68 trillion pounds in the same month last year.
SAUDI ARABIA | <.TASI> rose 0.9% to 11,742 |
QATAR | <.QSI> eased 0.2% to 10,393 |
EGYPT | <.EGX30> up 0.8% to 30,497 |
BAHRAIN | <.BAX> was flat at 2,031 |
OMAN | <.MSX30> gained 0.3% to 4,578 |
($1 = 49.5500 Egyptian pounds)
(Reporting by Ateeq Shariff in Bengaluru; editing by David Evans)