MIDEAST STOCKS-Kuwait extends gains on MSCI upgrade, Saudi up on banks - Reuters:
Kuwait extended gains for the seven straight session on Sunday amid sustained investor interest after index compiler MSCI last month decided to upgrade Kuwaiti equities to its main emerging markets index in 2020.
Other Gulf markets were trading higher, albeit in a narrow range, supported by a rise in oil prices on Friday, aided by tensions over Iran and an extension to output cuts by OPEC and its allies.
Kuwait’s index rose 1.1% to 6,615 points, taking the index to a new high this year.
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