Saudi Shares Gain Most in Two Months on Fed Stimulus Plan, Oil
This article is for subscribers only.
Saudi Arabian shares rose the most in two months after U.S. and European markets advanced and oil prices rallied as the Federal Reserve announced another round of bond purchases to boost the world’s biggest economy.
Saudi Basic Industries Corp., the world’s largest petrochemicals maker, known as Sabic, advanced to the highest level since May 5 after oil rose by $5.42 a barrel in the past week. National Industrialization Co. surged 3.1 percent.