Gulf Stocks Snap Three-Month Losing Streak in August

Dow Jones
09/03

1024 GMT - Gulf equity markets rebounded in August, with the MSCI GCC Index rising 3.9% and ending three consecutive months of declines, Kamco Invest says. The gain was the index's strongest monthly performance in seven months and came as regional geopolitical conditions stabilized and global equities advanced following a healthy earnings season. Saudi Arabia led the regional rally, while Qatar and Bahrain were among the markets that remained under pressure.

 

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