Tuesday 12 March 2019

MIDEAST STOCKS-Global rally boosts most of Gulf, banks lift #Saudi | Reuters

MIDEAST STOCKS-Global rally boosts most of Gulf, banks lift Saudi | Reuters:

Most major Gulf markets rose on Tuesday, lifted by financial and real estate stocks, mirroring a rally in global markets amid hopes for a U.S.-China trade deal and progress on Brexit.

Saudi Arabia's index was up 0.2 percent with its largest lender, National Commercial Bank, gaining 1 percent and bank Samba Financial Group adding 1.1 percent.

The index is up 7.8 percent this year, outperforming major Gulf markets, with big investors in Saudi Arabia pushing ahead with deals and pouring money back into stocks as the country tries to move on from journalist Jamal Khashoggi's murder.

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