Middle East markets rise while Saudi gains with support from Aramco stocks – The National

Middle East markets rise while Saudi gains with support from Aramco stocks – The National

Middle East markets rise while Saudi gains with support from Aramco stocks. Most Middle Eastern markets closed higher on Monday, with Saudi Arabia gaining on support from Saudi Aramco.. Saudi Arabia's benchmark index was up 0.5 per cent to 7,873 points, supported by state-owned Saudi Aramco, which was up 0.9 per cent at 33.1 riyals (Dh32.42), snapping a five-day losing streak.. Saudi British Bank rose 2.1 per cent, while Al Rjahi Bank edged up 0.3 per cent.. Dubai's index added 0.5 per cent to 2,749 points.. In Egypt, the blue-chip index was up 0.5 per cent at 13,800 points, with its biggest lender Commercial International Bank Egypt rising 0.6 per cent.. The Abu Dhabi index gained 0.4 per cent to 7,873 points as the country's largest lender, First Abu Dhabi Bank, edged up 0.3 per cent and the telecom service provider Etisalat gained 0.4 per cent.. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.17 per cent to close near last week's peak of 558.30, its highest since late January.. The gains were led by China, whose blue-chip index climbed 2.25 per cent after the country's central bank lowered a key interest rate and injected more liquidity