Gulf stocks maintained upward momentum Sunday as investors reacted to news that the Shoura Council had debated a draft mortgage law aimed at bringing private lenders into the market.
Saudi Arabia’s stock benchmark Tadawul All Share Index (TASI) gained 0.21 percent at 6,519.76.
Regional markets also took their cue from a strong performance on Egypt’s benchmark EGX30, which climbed 5.3 percent, the most since December 2009. The measure dropped to its lowest level in almost two years last week after reopening for the first time since the unrest that toppled Hosni Mubarak.
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