MIDEAST STOCKS-Global rally propels Gulf markets; Saudis lead - Reuters:
All major Gulf markets gained on
Thursday, reflecting a global equity rally, amid hopes for a
U.S.-China trade truce, with Saudi shares getting a further
boost from after limits were lowered on foreign share ownership.
Saudi's stock index was up 1.3%, with Arab National
Bank rising 7% and Al Rajhi Bank up 1.9%.
Saudi Arabia has relaxed a 49% limit for foreign strategic
investors in a company's shares, aiming to attract foreign funds
as the Kingdom opens up the region's largest market.
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