Mideast Stocks: Financials buoy most of Gulf; Qatar trades flat – ZAWYA
- Date: 17-Jan-2020
- Source: Zawya
- Sector:Financial Markets
- Country:Qatar
Mideast Stocks: Financials buoy most of Gulf; Qatar trades flat – ZAWYA
Saudi Arabia's index rose 0.3% with National Commercial Bank, the kingdom's largest lender, adding 0.4% and Samba Financial Group increasing 0.6%.. Middle Eastern fund managers plan to increase investments in Saudi Arabia, while keeping exposure in the rest of the region at current levels, according to a Reuters poll.. Five of nine managers polled said they would increase their investments in Saudi Arabia, anticipating favourable policy reforms and market opportunities.. Abu Dhabi's index edged up 0.2%, supported by a 0.4% gain in the country's largest lender First Abu Dhabi Bank..