MIDEAST STOCKS-Gulf markets lifted by Wall Street and oil rebound - Agricultural Commodities - Reuters:
Gulf stock markets rallied for a second day on Tuesday after Wall Street’s sharp gains on slowdowns in coronavirus-related deaths and new cases in some global hot spots.
Rising crude oil prices also cheered investors in a region that relies heavily on the oil sector.
Brent crude was up 90 cents, or 2.7%, at $33.95 a barrel by 0747 GMT on hopes that the world’s biggest oil producers will agree to curtail production as the coronavirus pandemic ravages the global economy.
Dubai’s main share index advanced 3.9%, led by a 5% jump in its top lender Emirates NBD and a 4.6% rise for Emaar Properties.
No comments:
Post a Comment