Analyst news

• MIDEAST STOCKS-Gulf rises, government reshuffle buoys Saudi market

  08-05-2016 16:30 via news.yahoo.com
  * Some local retail investors enthused by Saudi reform scheme * Saudi Electric surges; reshuffle could speed its restructuring * Dubai index rebounds from near technical support * Abu Dhabi Commercial Bank continues rebound * Kuwait's Burgan Bank outperforms after Q1 earnings By Andrew Torchia DUBAI, May 8 (Reuters) - Most major Gulf stock markets rose on Sunday in response to a modest recovery on Wall Street and in oil prices at the end of last week, while a sweeping reorganisation of Saudi Ara
  
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• MIDEAST STOCKS-Saudi rises after government reshuffle

  08-05-2016 09:31 via news.yahoo.com
  DUBAI, May 8 (Reuters) - Saudi Arabia's stock market rose in early trade on Sunday after the king announced a sweeping reorganisation of the economic policy-making apparatus, while most other Gulf bourses were firm. The Saudi stock index climbed 1.0 percent in the first 15 minutes. Petrochemical shares were particularly strong with Saudi Basic Industries up 1.2 percent. The Saudi reorganisation replaced the oil minister and central bank governor and restructured some major ministries. ...
  
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• MIDEAST STOCKS-Gulf may edge up on U.S. markets, Saudi reshuffle

  08-05-2016 07:47 via news.yahoo.com
  Gulf stock markets may edge up on Sunday in response to firmer U.S. stock prices and a reorganisation of the government in Saudi Arabia, which could encourage investors there. Bourses in the region slipped on profit-taking last week but a modest recovery of Wall Street and oil prices on Friday may encourage some cautious buying-back of stocks in the Gulf. The Saudi reorganisation, which replaced the oil minister and central bank governor and restructured some major ministries, may please local i
  
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