Wednesday 19 June 2019

MIDEAST STOCKS-Banks lift #Qatar as all major Gulf markets rise - Reuters

MIDEAST STOCKS-Banks lift Qatar as all major Gulf markets rise - Reuters:

Major Gulf markets rose on Wednesday, mostly lifted by financial stocks amid rising oil prices, while Qatar was boosted by its blue-chip shares.

Oil prices extended gains into a second session, buoyed by rekindled hopes for a U.S.-China trade deal and potential economic stimulus from the European Central Bank (ECB). 


Tensions in the Middle East after tanker attacks there last week supported oil markets but pressured most Gulf stocks. Markets have steadied after sliding in previous sessions following the attacks, as investor concerns have eased somewhat.

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