MIDEAST STOCKS-Major Gulf stocks end higher, Qatar outperforms - Agricultural Commodities - Reuters:
Most major stock markets in the Middle
East ended higher on Monday as optimism over easing coronavirus
restrictions boosted risk appetite.
In Dubai, the index gained 1.5%, with its largest
lender Emirates NBD adding 2.8% and Emaar Properties
increasing 1.6%.
Last week, Dubai lifted restrictions on movement and allowed
business activity to restart.
The UAE, which had suspended entry of non-Emirati residents
on March 19, said last month it would soon start allowing in
those with valid residencies stranded abroad whose families are
in the UAE.
The state news agency had said residents with relatives in
the UAE could start returning as of June 1 to reunite with
family.
Qatar's index climbed 2%, boosted by a 10% surge in
telecoms firm Ooredoo.
Ooredoo said that its unit will pay its global medium term
note holders’ interest payment on June 22.
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