MIDEAST STOCKS-Gulf rises in quiet trade as Eid Al Adha holiday ends | Reuters:
Gulf stock markets rose in quiet, early trade on Sunday, led by broad-based gains in Saudi Arabia, as they reopened after a one-week break for the Muslim festival of Eid Al Adha.
During that week, the MSCI emerging market index climbed 2.7 percent as Turkish markets stabilised after plunging because of the country’s currency crisis.
This encouraged Gulf institutional investors to buy stocks on Sunday as they returned from holiday, although trading volumes remained modest as many individual investors were still absent.
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