Mideast Stocks-Saudi index leads way among little-changed Gulf markets

Financial markets globally have been buoyed over the past two weeks

  
Traders work at the Alistithmar Capital in Riyadh July 8, 2008.

Traders work at the Alistithmar Capital in Riyadh July 8, 2008.

REUTERS/Fahad Shadeed

Major stock markets in the Gulf were little changed on Sunday, though financial shares bolstered the Saudi index.

Financial markets globally have been buoyed over the past two weeks by U.S. drugmakers Pfizer and Moderna Inc releasing encouraging news on the effectiveness of their vaccines against the coronavirus.

Saudi Arabia's benchmark index gained 0.5%, led by a 0.3% rise for Al Rajhi Bank and 1.1% increase for Saudi Telecom Company.

Dubai's main index eased 0.1, with Emaar Malls losing 2.2% and DAMAC Properties shedding 2.7%.

The Abu Dhabi index edged up 0.1%, helped by a 0.7% gain for Aldar Properties and a 0.1% increase for telecoms firm Etisalat.

Qatar's benchmark index traded flat.

(Reporting by Ateeq Shariff in Bengaluru Editing by David Goodman ) ((AteeqUr.Shariff@thomsonreuters.com; +918061822788;))

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