MIDEAST STOCKS-Saudi leads Gulf higher after Eid break - Reuters:
Saudi Arabia and Dubai led Gulf
stocks higher on Sunday as regional markets resumed trade after
last week's holidays, lifted by positive sentiment on global
stocks and expected foreign fund inflows into the Riyadh market.
The Saudi index rose by 2.2% to finish at 8,699
points, its best close since May 9.
"The market is bouncing back after the correction
experienced in the past few weeks," said Riyad Capital's
Muhammad Faisal Potrik. "It's taking its cue from global markets
as well, which have risen while we were on Eid break."
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