Monthly markets review: Region's stock markets make strong start to 2019, Saudi outperforms in January | ZAWYA MENA Edition:
Stock markets in the Middle East mostly made strong gains in January, tracking a rise in global markets and oil prices during the month. In most cases, markets were also buoyed by fourth quarter earnings results. Saudi Arabia and Egypt’s indices outperformed the region, while Oman’s index was the sole loser among its peers in the Gulf.
MSCI’s World Index, a major global stock index which tracks shares in 47 countries, added 7.8 percent in January, data from Eikon showed.
Globally, stocks started the year on the right foot on hopes from market participants of an easing in trade tensions between the United States and China.
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