MIDEAST STOCKS-Qatar extends gains as global rally lifts most of Gulf - Reuters:
Most Middle Eastern stock markets closed
higher on Tuesday, reflecting market optimism that U.S.-China
trade tensions could ease and stimulus measures by major
economies to counter a possible global economic slowdown.
The United States said it would extend a reprieve that
permits China's Huawei Technologies to buy components from U.S.
companies, signalling a slight softening of the trade conflict
between the world's two largest economies.
China's new lending reference rate was set slightly lower on
Tuesday, while Germany's right-left coalition government has
said it would be prepared to ditch its balanced budget rule and
take on new debt to counter a possible recession.
Qatar's index rose 0.9% for the third straight day
with the Gulf's largest lender, Qatar National Bank
increasing 2% and Industries Qatar adding 1.7%.
Qatar's index, down 3.6% in the year-to-date, has steadied
since the central bank on Thursday said Qatari economic growth
would accelerate over the next two years amid expectations of
stable oil prices and continued strong exports.
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