MIDEAST STOCKS-Saudi, Dubai lead Gulf markets higher after holiday break - Reuters:
Gulf markets rose early on Sunday, resuming trade after holidays most of last week to celebrate the end of the Muslim fasting month, with investors taking cue from gains in global markets on Friday.
Major world stock indexes jumped and U.S. Treasury yields tumbled on Friday after a slowdown in job growth fueled hopes of a U.S. interest rate cut, while there were hints of progress in Washington’s trade battles.
The Saudi index jumped 0.6% as investors piled into key blue-chip stocks. Al Rajhi Bank was up 1%, Saudi Telecom rose 1.4% and Saudi Basic Industries gained 0.9%.
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