DUBAI: Most major stock markets in the Middle East closed up on Sunday, with broad-based gains pushing Egyptian shares higher as financial stocks led the pack. The blue-chip index in Egypt, which traded after a session break, advanced 2%. Commercial International Bank gained 2.3%, while investment bank EFG Hermes closed up 4.9%.
Saudi Arabia's benchmark index rose 0.8%, led by a 10% surge in Saudi Industrial Investment Group and 2.6% increase in Riyad Bank. Elsewhere, petrochemicals investor Alujain Holding jumped 9.9%, having reported last week that its second-quarter loss narrowed to 46.4 million riyals ($12.37 million) from a loss of 78.7 million riyals a year earlier. The Qatari index added 0.4%, with petrochemical maker Industries Qatar rising 4.4%.
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