MIDEAST STOCKS-Most Gulf indexes extend gains on stimulus expectations - Reuters:
Most bourses in the Middle East closed
higher on Tuesday, with Saudi outperforming the region, as
global policymakers signalled a united front to address the
economic fallout from the spreading coronavirus.
G7 finance ministers and central bank governors on Tuesday
said they would use all appropriate policy tools to achieve
strong, sustainable growth and safeguard against downside risks
from the fast-spreading coronavirus.
Saudi Arabia's benchmark index advanced 2.8%, with
all its banking shares trading in positive territory. Al Rajhi
Bank added 3.4%, while petrochemical maker Saudi Basic
Industries jumped 5.3%.
Elsewhere, Seera Group Holding was up 3.2%, after
the travel operator swung to annual profit from year ago losses.
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