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-   -   MIDEAST STOCKS-Oil may support markets but poor bank results could dampen Saudi (https://hameed.nwar.uk/vb/showthread.php?t=1119811)

rss 01-16-2015 06:34 AM

MIDEAST STOCKS-Oil may support markets but poor bank results could dampen Saudi
 
DUBAI, Jan 15 (Reuters) - Oil's rebound may encourage more buying in Gulf stock markets on Thursday, but Saudi Arabia's banking stocks could pull back after a string of fourth-quarter earnings reports that missed analysts' forecasts. Wednesday's 4.5 percent surge in Brent crude futures , the biggest percentage gain since June 2012, came as traders covered themselves on expiring options. It is by ** means clear that oil has found a bottom, and the price slipped again in Asian trade on Thursday. ...

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