MIDEAST STOCKS-Saudi leads Gulf higher, COMI supports Egypt - Agricultural Commodities - Reuters:
Most major Gulf markets closed higher on
Tuesday, boosted by financial stocks and mirroring a rally in
global markets amid hopes for a U.S.-China trade agreement.
China is pushing U.S. President Donald Trump to remove more
tariffs imposed in September as part of a so-called Phase 1
trade deal, which would help to ease the broad economic damage
inflicted by the trade dispute.
Saudi Arabia's index added 1.7%, with National
Commercial Bank, the kingdom’s largest lender, jumping
4.4% and Al Rajhi Bank up 1.9%.
The latter said it had received central bank approval for
the appointment of Walid Bin Abdullah Al-Moqbel as its chief
executive.
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