MIDEAST STOCKS-Trade war truce lifts Gulf markets, Dubai leads gains - Reuters:
Most major Gulf markets gained on
Sunday, reacting to positive global market sentiment after the
United States and China agreed to a trade war truce at the G20
meeting.
The two powers agreed on Saturday to restart trade talks
after U.S. President Donald Trump offered concessions including
no new tariffs and an easing of restrictions on the Chinese tech
company Huawei.
Dubai's index rose 1.2%, lifted by the largest
lender in the emirate, Emirates NBD, rising 4.1% after
getting banking regulatory approval to acquire shares in
Turkey's Denizbank from Russia's Sberbank.
Most major Gulf markets gained on
Sunday, reacting to positive global market sentiment after the
United States and China agreed to a trade war truce at the G20
meeting.
The two powers agreed on Saturday to restart trade talks
after U.S. President Donald Trump offered concessions including
no new tariffs and an easing of restrictions on the Chinese tech
company Huawei.
Dubai's index rose 1.2%, lifted by the largest
lender in the emirate, Emirates NBD, rising 4.1% after
getting banking regulatory approval to acquire shares in
Turkey's Denizbank from Russia's Sberbank.
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