Did you win the Gulf stock markets in the morning trading?

Did you win the Gulf stock markets in the morning trading?

After new positive news regarding the development of a vaccine for Covid-19, optimism about an unexpected economic recovery was boosted, as major stock markets in the Gulf region won in early trading on Tuesday.

The markets in the Gulf region were boosted by the increase in oil prices, thanks to expectations that OPEC and its allies extend an agreement to cut supplies for at least three months.


Saudi Arabia’s main index rose 0.3 percent, with Savola Group gaining nearly 2 percent. Al-Rajhi Bank rose about 0.6 percent, and the Dubai Stock Exchange index rose 0.8 percent and is heading for gains for the third day in a row.


Emaar Properties rose 1.3%, and Dubai Islamic Bank rose about 1%, while the financial sector stocks supported the Abu Dhabi index, up 0.7%, First Abu Dhabi Bank rose 1.5% and Abu Dhabi Commercial Bank 1.4%.

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