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;))