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MIDEAST STOCKS-Blue-chip stocks buoy Dubai, Saudi extends gains

Jun 01, 2020 - Reuters Africa

June 1 (Reuters) - Dubai’s stock market rose on Monday, as blue-chip stocks advanced, while Saudi Arabia extended gains from the previous session after an easing of the kingdom’s coronavirus lockdown.

In Dubai, the index gained 0.9%, with its largest lender Emirates NBD rising 1.6% and budget airliner Air Arabia firming 3.9%.

Last week, Dubai lifted restrictions on movement and allowed business activity to restart.

The UAE, which had suspended entry of non-Emirati reside...