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The Qatar stock market ended higher on Sunday, boosted by gains in communications, energy and finance stocks, while Kuwait shares hit a two-month low with industry and finance sectors leading the losses.

The Qatari benchmark index was up for a second straight session and rose 1% with almost all sectors in positive territory.

Qatar Gas Transport and Ooredoo advanced 1.9% and 3.6%, respectively while Qatar National Bank, the region’s largest lender, gained 0.7%.

In Kuwait, the benchmark index slipped 1.3% and closed at 7,873, the lowest in two months with most sectors in the red, led by industry and finance.

UAE bourses close lower as regional tensions rise

National Bank of Kuwait, the country’s largest lender, dropped 2.3% and Kuwait Finance House declined 1.5%.

Among other losers, Agility Public Warehousing and Gulf Bank slid 3% and 3.6%, respectively.

Outside the Gulf, Egypt’s blue-chip index retreated 1.2% after two consecutive session of gains with most sectors in negative territory. Talaat Mostafa decreased 6.6% and Commercial International Bank lost 1.5%.

SAUDI ARABIA Closed

KUWAIT lost 1.3% to 7,873

QATAR rose 1% to 9,910

EGYPT was down 1.2% to 28,152

BAHRAIN ended flat at 2,021

OMAN added 0.2% to 4,689

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