MIDEAST STOCKS-Gulf markets bounce back as trade war simmers down - Reuters:
Gulf stocks rebounded from their recent
losses on Tuesday as markets' renewed fears about an escalating
global trade war eased, with Beijing stepping in to stabilise
the yuan and Washington dismissing fears of a lengthy trade war
with China.
The recovery was led by financial shares. Abu Dhabi and
Qatar's share indexes had suffered six days of straight losses
each, while Saudi Arabia and Dubai's bourses retreated in the
previous five and four consecutive sessions, respectively, on
fears over the trade dispute between the world's two biggest
economies.
Saudi's index rose 1.1% with Riyad Bank
increasing 4.4% and Al Rajhi Bank gaining 1.1%.
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