Saudi Arabia Leads Gulf Stock Gains on Eve of Post-Oil Vision
- Tadawul extends gain after entering bull market on Thursday
- Kingdom set to announce its post-oil vision on Monday
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Saudi Arabian stocks led an advance across most Gulf Arab equities as the kingdom prepared to announce a road map for the post-oil era.
The Tadawul All Share Index added 1.7 percent, the most in more than a month and extending gains after it entered a so-called bull market on Thursday. The kingdom is scheduled to set out a comprehensive plan on Monday to diversify its economy and shore up government finances after a collapse in oil prices. The Bloomberg GCC 200 Index, which tracks the region’s largest and most liquid stocks, rose 0.6 percent.