Saudi Arabian Shares Lead Gulf Gains on Oil, Earnings: Inside EM
Photographer: FAyez Nureldine/AFP/Getty Images
This article is for subscribers only.
Saudi Arabia’s main equities index led advances in the Gulf on Sunday, catching up with gains in oil and emerging-market stocks last week.
The Tadawul gauge also got a boost by earnings from Bank AlBilad and United International Transport that were higher than estimates. Saudi Arabian Mining Co. extended gains after the company said it plans to focus on deleveraging this year.