Petrochem lifts Saudi market; Tadawul gains 0.5%

Most major Middle East stock markets rose on Wednesday on positive second-quarter earnings and news that the UAE would cut domestic diesel prices. Saudi Arabia’s Tadawul All Share Index added 0.5 percent, supported by National Petrochemical Co. (Petrochem), which surprised analysts with strong quarterly earnings. Petrochem surged 7.4 percent after…