MIDEAST STOCKS-Saudi bourse gains amid volatile US trade policy; Qatar flat
By Ateeq Shariff
April 20 (Reuters) - Saudi Arabia's stock market ended higher on Sunday amid investor focus on radical changes to U.S. trade policy, although the Qatari index finished flat.
Investor confidence improved after U.S. President Donald Trump temporarily halted steep tariffs last week, easing pressure on global economies. Markets were also monitoring negotiations between Japan and the United States that Trump lauded as productive.
Saudi Arabia's benchmark index .TASI gained 0.6%, helped by a 7.8% jump in Jabal Omar Development 4250.SE and a 1% increase in oil giant Saudi Aramco 2222.SE.
Oil prices settled more than 3% higher on Thursday, supported by hopes for a trade deal between the United States and the European Union and new U.S. sanctions to curb Iranian oil exports, which continued to elevate supply concerns.
In Qatar, the index .QSI closed flat.
Egypt bourse was closed for a public holiday
SAUDI ARABIA | .TASI added 0.6% to 11,627 |
QATAR | .QSI closed flat at 10,135 |
BAHRAIN | .BAX rose 0.1% to 1,903 |
OMAN | .MSX30 was flat at 4,306 |
KUWAIT | .BKP added 0.1% to 8,427 |
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