MIDEAST STOCKS-Saudi leaps on earnings and conference optimism, outperforms Gulf | Reuters:
Saudi Arabia’s stock market surged on Thursday, outperforming most major Gulf markets, boosted by strong corporate earnings and improved market sentiment after a three-day investment conference in Riyadh.
The index closed 4.3 percent higher in heavy volume at 7,836 points, the highest in two weeks.
A major international investment conference in Riyadh, boycotted by some top Western executives over the killing of Saudi dissident Jamal Khashoggi, drew to a close on Thursday with the government announcing the signing of billions of dollars worth of deals or memorandums of understanding.
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