Mideast Stocks: Gulf markets mostly rebound, tracking oil, Asian shares – ZAWYA
- Date: 24-Mar-2020
- Source: Zawya
- Sector:Financial Markets
- Country:user-top-picks
Mideast Stocks: Gulf markets mostly rebound, tracking oil, Asian shares – ZAWYA
Saudi Arabia's benchmark index gained 2.7%, driven by a 3.3% rise in oil giant Saudi Aramco and a 2.1% increase in Al Rajhi Bank. In Dubai, the index added 0.9%, with blue-chip developer Emaar Properties climbing 6.4% and Emirates NBD Bank gaining 2.1%.. Qatar's index was up 1.9%, as Qatar Islamic Bank gained 4.4%.. Last week, the country announced measures to support the economy including providing 75 billion riyals ($20.60 billion) in financial incentives to the private sector..