|17 November, 2019

Sunday Outlook: Saudi Aramco IPO begins today as global stocks rally and oil gains

Financials lift UAE indexes on Thursday; oil prices gain 2% 

Image used for illustrative purpose. An employee in a branded helmet is pictured at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019.

Image used for illustrative purpose. An employee in a branded helmet is pictured at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019.

REUTERS/Maxim Shemetov

Zawya brings you all the latest news and insights relevant to Middle East and global investors in equities, commodities and currencies.

Invest now or later? Here's what you should know about Aramco IPO that begins today
The IPO will allocate shares in two tranches - one for institutions and another for individuals

Stocks rally, oil gains on revived U.S.-China trade hopes
MSCI's gauge of stocks across the globe gained 0.76%

Oil prices gain 2% despite concerns about rising supplies
Brent crude gained $1.02, or 1.6%, to settle at $63.30 a barrel

S&P downgrades Lebanon's credit rating amidst ongoing protests
Nationwide protests have shut banks and paralysed the country

Mideast Stocks: Financials lift UAE indexes, poor earnings weigh on Egypt
Emirates NBD lifts Dubai


 

Our Standards: The Thomson Reuters Trust Principles

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© ZAWYA 2019

More From Equities