Saudi Equities Jump to 2015 Level on Higher Oil Bets: Chart

Saudi Equities Jump to 2015 Level on Higher Oil Bets: Chart

Saudi Arabia’s main equities index closed at its highest since June 2015, with more than three-quarters of Tadawul All Share Index members up this year. The gauge has been boosted by bets that crude prices will rise as OPEC+ producers keep a tight leash on supply while economic activity picks up globally. Goldman Sachs Group Inc. analysts estimate that crude, the kingdom’s biggest export, will be at $80 a barrel by the end of the third quarter.

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