Monthly markets review: Saudi Arabia's index outperforms GCC peers in June | ZAWYA MENA Edition:
Most stock markets in the region gained in June as a rise in oil prices and global markets boosted investor sentiment.
Saudi Arabia’s index recorded the best monthly performance against its peers, while Oman’s index was the worst performer. The aggregate stock market index of the six Gulf Cooperation Council (GCC) countries along with Egypt rose 11.77 percent in June.
Global equity markets rallied during the month on easing trade tensions between the US and China. Oil prices also gained on worries over heightened tensions between the US and Iran.
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