MIDEAST STOCKS-Saudi leads most of Gulf higher; Dubai bucks the trend | Nasdaq:
Most stocks in the Gulf closed higher on Thursday, with Saudi leading gains that tracked global share and oil prices as investor worries about the coronavirus epidemic eased somewhat after a slight decline in the number of new cases.
Mainland China had 1,749 new confirmed cases of coronavirus infections on Tuesday, the country's National Health Commission said on Wednesday, down from 1,886 cases a day earlier and the lowest since Jan. 29.
Brent crude LCOc1 was up by 75 cents at $58.50 a barrel by 1003 GMT.
Saudi Arabia's benchmark index .TASI advanced 1.4%, boosted by a 1.4% rise in Al Rajhi Bank 1120.SE and a 1.3% gain in National Commercial Bank 1180.SE.
Al Moammar Information Systems 7200.SE soared 9.9%, its biggest intraday-gain since it began trading in April, following a rise in annual profit.
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