MIDEAST STOCKS-Global rally lifts most of Gulf, blue-chips drag Qatar - Agricultural Commodities - Reuters:
Saudi Arabia's stock market rose sharply
on Tuesday, leading gains in most major Gulf bourses amid a
global rally after Washington temporarily eased trade
restrictions imposed last week on China's Huawei. Qatar dropped
on wide sell-off.
Saudi's index increased 1.7%, with Al Rajhi Bank
adding 2.2% and Saudi Basic Industries up
3.3%.
"Middle East today is following the positive lead from
Global markets. Local sentiment is also better as evidenced by
the strong moves in small cap stocks," said Vrajesh Bhandari
senior portfolio manager at Al Mal Capital.
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