Mideast Stocks Rally With Oil as Investors Hunt for Bargains
- Traders exchanged highest number of Saudi shares since 2012
- Saudi Arabian equities world's best performers after Greece
Dubai Stocks
Gabriela Maj/BloombergThis article is for subscribers only.
Saudi Arabia led the advance in Middle Eastern equities as oil rose from a 2009 low and the biggest two-day selloff in seven years lowered valuations.
The Tadawul All Share Index surged 7.4 percent, the most this year, to 7,543.05 at the close in Riyadh as traders exchanged about 593 million shares, the most in more than three years. Al Rajhi Bank was the biggest contributor to gains with a 7.7 percent jump. Dubai’s gauge climbed the most since December after closing less than 20 points away from a bear market on Monday.