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FinancialNews


  • 21-01-21

    Gulf markets close high on Wednesday

    (MENAFN)On Wednesday, mainly stock markets in the Gulf closed high, with Dubai leading gains increased by its top lender Emirates NBD, while Saudi bucked the trend to close lower.

    Dubai’s major share index improved 1.4 percent, with Emirates NBD increasing 4.4 percent and Shariah-compliant lender Dubai Islamic Bank up 0.8 percent.

    Emirates NBD increased over 20 in the figure and value of fund transfers through its Direct Remit platform in last year compared to the previous year.

    Goods stocks also drove gains, with blue chip developer Emaar Properties closing 1 percent higher.

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