Saudi Stocks Lead Gulf Gains After Aramco IPO Delayed: Inside EM
- Tadawul All Share Index climbs as much as 2.3% in Riyadh
- Equity gauges in Abu Dhabi, Kuwait and Qatar trade lower
This article is for subscribers only.
Saudi Arabian stocks rose the most in the Gulf as the country’s oil giant delayed a long-awaited initial public offering, easing a sell-off of other stocks intended to fund purchases in the share sale.
The Tadawul All Share Index climbed as much as 2.3%, recovering from a loss of 0.8% last week and trimming losses in October to 3.8%. Large caps including National Commercial Bank, Al Rajhi Bank and Jabal Omar Development Co. contributed the most to the increase.