Tuesday 28 July 2020

MIDEAST STOCKS- #Kuwait shares rise on broad-based gains; others little changed - Reuters

MIDEAST STOCKS-Kuwait shares rise on broad-based gains; others little changed - Reuters:

Broad-based gains pushed Kuwaiti shares
higher on Tuesday, with financial stocks leading the pack, while
other major bourses in the Gulf were little changed ahead of Eid
Al-Azha.

In Kuwait, the index leapt 2.6%, as most of the
stocks on the index ended higher including National Bank of
Kuwait, which was up 3.5%.   

Kuwait's government has set a road map and a time frame to
improve the country's credit rating, a statement issued after a
cabinet meeting on Monday said, without giving details.

Saudi Arabia's benchmark index edged up 0.1%,
supported by a 0.8% gain in National Commercial Bank.

Dubai's main share index added 0.2%, with blue-chip
developer Emaar Properties rising 1.6%.

In Abu Dhabi, the index eased 0.2%, weighed by a 2.3%
fall in Abu Dhabi Commercial Bank (ADCB).

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