Middle East News: Saudi Stocks Lead Markets Higher - Bloomberg:
Middle Eastern equity markets traded higher on Sunday as economies continued to open up from coronavirus lockdowns, with Saudi Arabia leading gains.
The Tadawul All Share Index climbed as much as 4.1%, with banks boosting the index by the most. Gauges in Abu Dhabi, Oman and Egypt also rose, while those in Dubai, Israel, Kuwait and Qatar traded lower.
Saudi Arabia began the second phase of easing its shutdown on Sunday by resuming domestic flights and shortening curfews. The local market was closed for the Eid-al-Fitr holiday all of last week, when emerging-market assets rose on optimism over the reopening of economies and oil prices advanced.
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