Mideast Stocks: Financials lift most of Gulf, blue-chips boost Egypt | ZAWYA MENA Edition:
All major Gulf markets closed higher on Thursday, led by financial stocks as oil prices rose after the U.S.-China trade agreement was signed, while gains in blue-chips buoyed Egypt.
Oil prices rose on Thursday after the United States and China agreed on an eagerly awaited Phase 1 trade deal, giving some relief to markets.
Saudi Arabia's benchmark index ended 0.3% up, with Al Rajhi Bank gaining 0.5% and Banque Saudi Fransi up 1.4%.
Middle Eastern fund managers plan to increase investments in Saudi Arabia, while keeping exposure in the rest of the region at current levels, according to a Reuters poll.
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