MIDEAST STOCKS-Emirates NBD boosts Dubai, all major Gulf markets gain - Agricultural Commodities - Reuters:
Major stock markets in the Gulf rose on
Tuesday, led by financials including Emirates NBD in Dubai.
Markets have steadied after falling late last week following
attacks on tankers in the Gulf of Oman on Thursday. The attacks
raised fears of a military confrontation in a vital shipping
route for global oil supply and heightened tensions between Iran
and the United States, which have been in a standoff over Iran’s
nuclear programme.
Investor concerns have eased somewhat after both Tehran and
Riyadh said they did not want a war, but tensions in the region
remain high, making stock trading potentially volatile.
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