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Gulf markets rise as fears of an all-out war recede

Gulf markets rise as fears of an all-out war recede

The United States joined other countries in calling for an end to the cycle of confrontation between Israel and Iran, after it pressured Israel to avoid targeting Iranian energy and nuclear sites, according to Reuters.

And rose Saudi index 1.5 percent, ending losses over three sessions, led by Al Tayseer Group, whose shares jumped 3.6 percent.

Etihad Etisalat shares also rose 2.2 percent after the company announced a net profit of 829 million riyals ($220.9 million), up from 524 million riyals a year ago.

In Qatar, the main index rose 1.5 percent, with all stocks listed on it rising, including Industries Qatar, whose stock rose 1.7 percent.

Outside the Gulf region, Egypt’s leading stock index advanced 0.9 percent, with Commercial International Bank shares rising 2.5 percent.



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