Middle Eastern stock markets rise
Istanbul, November 5 (Hibya) - Middle Eastern stock markets posted gains on the third trading day of the week. Dubai led the regional rally with a 4 percent increase, while Qatar gained 2.8 percent and Saudi Arabia rose 1.7 percent.
In the United Arab Emirates, the Dubai Financial Market Index climbed 4 percent to 6,040.74 points. Buying activity in banking and real estate stocks contributed to the rally. Emirates NBD shares gained 6.1 percent, Emaar Properties rose 4.4 percent, and Emaar Development advanced 4.9 percent.
Saudi Arabia's Tadawul All Share Index increased 1.7 percent to reach 10,039 points. The Qatar Stock Exchange rose 2.8 percent to 9,884.17 points, while Qatar National Bank shares gained 5.3 percent. Meanwhile, the Abu Dhabi Index gave up its intraday gains and closed largely unchanged.
Elsewhere in the Gulf region, the Kuwait Stock Exchange rose 0.5 percent, the Bahrain Stock Exchange gained 0.5 percent, and the Oman Stock Exchange advanced 0.5 percent. Egypt's benchmark index also climbed 2.8 percent.
The gains across regional markets were supported by reports of progress in diplomatic contacts between the United States and Iran, expectations of easing potential military tensions, and third-quarter corporate earnings reports.
British News Agency
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