By Ateeq Shariff
April 13 (Reuters) - Most Gulf stock markets ended higher on Sunday, extending gains from the previous session after temporary U.S. tariff relief boosted sentiment, though global trade uncertainty remains a concern.
In a stunning reversal, U.S. President Donald Trump on Wednesday announced a temporary lowering of hefty duties he had imposed on dozens of countries.
Saudi Arabia's benchmark index .TASI gained 0.8%, helped by a 3.9% rise in Riyad Bank 1010.SE and a 0.4% increase in Al Rajhi Bank 1120.SE.
The Qatari index .QSI added 0.2%, with petrochemicals and commodities-focused conglomerate Industries Qatar IQCD.QA closing with a gain of 0.7%.
Outside of the Gulf, Egypt's blue-chip index .EGX30 advanced 1.2%. Almost all constituents were in positive territory, including a 3.9% jump for tobacco monopoly Eastern Company EAST.CA.
SAUDI ARABIA | .TASI rose 0.8% to 11,593 |
QATAR | .QSI was up 0.2% to 10,118 |
EGYPT | .EGX30 gained 1.2% to 31,175 |
BAHRAIN | .BAX finished flat at 1,902 |
OMAN | .MSX30 added 0.1% to 4,276 |
KUWAIT | .BKP lost 0.2% to 8,361 |
(Reporting by Ateeq Shariff in BengaluruEditing by David Goodman)
((AteeqUr.Shariff@thomsonreuters.com; +918061822788;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.