Major stock markets in the Gulf region rose in early trade on Wednesday, with Dubai shares leading the gains, buoyed by a jump in property shares.Saudi Arabia's benchmark index rose 0.4%, led by a 2.2% gain in Saudi Telecom Company and a 1.1% increase in Saudi Basic Industries.Saudi Chemical Company extended gains and soared 9.9%. The stock had gained 10% on Tuesday to become the top gainer on the index, after the chemicals firm signed a memorandum of understanding with the Russian Direct Investment Fund to provide coronavirus vaccine in the kingdom. Leading gains in the region, Dubai's main stock index gained 0.8%, with blue-chip developer Emaar Properties rising 2.1% and its unit Emaar Malls trading 4.7% higher.Emirates Integrated Telecommunications extended gains, rising 1.7%. On Tuesday, the telecoms firm said ...read more...
CountryUnited Arab Emirates