MIDEAST STOCKS-Saudi gains as lockdown eases; Egyptian blue chips advance - Reuters:
The Saudi Arabia stock market closed
higher on Sunday after an easing of the kingdom's coronavirus
lockdown while gains in blue-chip companies buoyed the Egyptian
bourse.
The benchmark Saudi index, which opened after a
five-session break, advanced 2.3% as the country's largest
lender National Commercial Bank soared by 7% and Al
Rajhi Bank posted a 2.7% gain.
Saudi Arabia began easing restrictions on movement and
travel more than two months after stringent measures were
introduced to help to 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 on
Tuesday.
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