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MIDEAST STOCKS-Saudi gains as lockdown eases; Egyptian blue chips advance

May 31, 2020 - Reuters Africa

By Ateeq Shariff May 31 (Reuters) - The Saudi Arabia stock market closedhigher on Sunday after an easing of the kingdom's coronaviruslockdown while gains in blue-chip companies buoyed the Egyptianbourse. The benchmark Saudi index, which opened after afive-session break, advanced 2.3% as the country's largestlender National Commercial Bank soared by 7% and AlRajhi Bank posted a 2.7% gain. Saudi Arabia began easing restrictions on movement andtravel more than two months after stringent me...