Massive handouts to the citizens of Saudi Arabia, the most economically important and influential Arab country, boosted investor sentiment in the Gulf on Sunday, eclipsing regional upheaval and Western air strikes on Libya.
The index .TASI of the Saudi bourse, the largest Arab market, ended 4.5 percent higher at a one-month high, after its biggest gain since March 5, before fears of unrest spreading in the Gulf spooked investors.
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