MIDEAST STOCKS-Dubai leads most major Gulf markets higher; Egypt quiet - Reuters:
Most major Gulf bourses ended higher on
Wednesday, with the Dubai's index buoyed by gains in Emirates
NBD Bank after its digital banking services were restored.
Saudi Arabia's benchmark index added 0.3%, led by a
1% gain in Al Rajhi Bank and a 3.1% leap in Banque
Saudi Fransi.
Dubai's main share index gained 0.9%, boosted by a
2.6% jump in Emirates NBD Bank.
Abdulla Qassem, Emirates NBD's group chief operating
officer, said the issues had been resolved and digital banking
services have been restored across all channels.
Air Arabia added 1.8%. On Tuesday, the United Arab
Emirates' only listed airline retreated 1.8% after it swung to a
second-quarter loss of 239 million dirhams ($65.07 million)
following a collapse in passenger traffic because of the
COVID-19 pandemic.
In Abu Dhabi, the index slipped 0.2%, weighed down by
a 0.7% fall in the country's largest lender First Abu Dhabi Bank
and a 1.7% retreat in Aldar Properties
ahead of its earnings announcement.
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