MIDEAST STOCKS-Saudi, UAE rise on banks; Qatar retreats - Reuters:
Most major Gulf stock markets rose on Tuesday, led by banking shares, though Qatar was marginally lower, weighed down by its financial stocks.
On Sunday, the Gulf saw steep declines, with Kuwait falling the most on its first day of trading after a U.S. attack in Iraq that has ramped up tensions in the region.
Following the attack on Friday, in which Iranian military commander Qassem Soleimani was killed, Tehran promised vengeance.
With no immediate retaliation, some of the tensions have simmered down. That helped to push oil and gold prices lower on Tuesday as investors booked profits.
Saudi Arabia’s benchmark index added 0.6%, with Al Rajhi Bank increasing 0.9% and Riyad Bank up 0.9%.
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