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MIDEAST STOCKS-Saudi shares set to finish 2020 higher, other Gulf markets subdued

Dec 31, 2020 - Nasdaq
Financial Results

Dec 31 (Reuters) - Saudi Arabian Shares fell in early trade on the last day of the 2020, but were set to close the session with a yearly gain, overcoming the first-quarter shock triggered by a global recession fears on COVID-19 and the Saudi-Russia oil price war.

Other Gulf markets were set to end the year with losses except Qatar and Abu Dhabi, which were trading with marginal yearly gain of 1.1% and 0.3%, respectively.

All Gulf stock markets had fallen between 13% and 36% in the fi...