Most global markets posted their best week in more than two years at the end of the trading session on Friday.

MSCI’s gauge of stocks across the world rose 0.26 percent on Friday, ending the week 4.3 percent higher.

The pan-European FTSEurofirst 300 index of leading regional shares rose 1.11 percent to 1,491.71.

Global stocks have already recovered more than half the ground lost in the recent selloff.

In the Middle East, stock markets were mixed on Thursday, as fourth quarter earnings weighed on most markets in the region.

Saudi Arabia's stock market index rose 1.2 percent, boosted by a rally in global markets. Al Rajhi Bank gained 2.9 percent and Saudi Investment Bank rose 2.9 percent after saying it would pay an annual dividend of 0.6 riyal per share, up from 0.5 riyal for 2016.

Dubai’s index edged down 0.2 percent as Damac Properties lost 1.2 percent after it announced a drop in fourth quarter net profit on Wednesday.

Neighbouring Abu Dhabi’s index lost 0.3 percent, with Etisalat falling 0.6 percent after it posted a 12 percent fall in quarterly profit to 1.97 billion dirhams, which was lower than an analyst’s estimate of 2.21 billion dirhams forecast by SICO Bahrain.

Aldar Properties dropped 3.1 percent after reporting a 28 percent decline in full-year profit attributable to owners.

Egypt’s index added 1.1 percent as real estate developer SODIC surged 7.0 percent.

Qatar's index fell 0.4 percent, Kuwait and Bahrain’s indices lost 0.2 percent, while the index in Oman added 0.2 percent.

In commodities, global markets tracked a rebound in equities on Friday.

Brent crude futures were 51 cents or 0.8 percent higher at $64.84 per barrel, after touching eight-day highs. The global benchmark ended the week up more than 3 percent.

U.S. West Texas Intermediate crude rose 34 cents, 0.6 percent, to $61.68. WTI gained 4 percent this week after losing nearly 10 percent last week.

In currencies, the dollar rose on Friday but still marked a weekly loss.

The dollar index against a basket of six major currencies rose 0.58 percent.

U.S. April gold futures settled up $0.9, or 0.1 percent, at $1,356.20 per ounce on Friday.

In other news, the Tunisian state statistics institute figures showed on Thursday that the economy grew 1.9 percent in 2017 compared with 1 percent in the previous year.

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