International Business: Gulf stocks close higher – Gulf Digital News
International Business: Gulf stocks close higher – Gulf Digital News
DUBAI: Most stock markets in the Gulf ended higher on Monday on hopes the Omicron coronavirus variant’s symptoms prove mostly mild and have a less damaging economic impact.
Reports in South Africa said Omicron cases there had only shown mild symptoms and the top US infectious disease official told broadcaster CNN that so far “It does not look like there’s a great degree of severity”.
In Abu Dhabi, the index advanced 2.6 per cent, with Emirates Telecommunications Group rising for a ninth session in 10 to close 5pc higher.
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