MIDEAST STOCKS-Easing of restrictions boosts Saudi; other markets mixed - Reuters:
Saudi Arabia’s stock market rose sharply in early trade on Sunday after the kingdom eased coronavirus-related restrictions, while other markets were little changed.
Saudi Arabia’s benchmark index, which opened after a five session break, climbed 2.2%, boosted by gains for banking shares. Al Rajhi Bank advanced 3.7% and the country’s largest lender National Commercial Bank traded 3.5% up.
The kingdom will begin easing restrictions on movement and travel, more than two months after stringent measures were introduced to help curb the spread of the novel coronavirus.
Restrictions will be eased in three phases, culminating in the complete lifting of a curfew - apart from in the holy city of Mecca — from June 21, the state news agency reported in a statement on Tuesday.
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