Ammar Abdul Wahed News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Dubai: Saudi Arabian stocks outperformed on Sunday with advances led by its banking and petrochemical shares after OPEC+ paved the way for easing of oil production curbs. Other GCC markets struggled for direction with investors awaiting the next big clue.
Saudi Arabia s benchmark index traded 0.7 per cent higher at 9,963 points with petrochemical and banking stocks leading the advances. Saudi-led OPEC+ decided in their Thursday meeting to gradually ease oil output curbs in coming months, a move that could add to the kingdom s revenues if oil prices do not slide considerably. Lenders and energy companies will be the biggest beneficiary as they rely heavily on oil money. ....

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