Israel Shares Drop Most in Region; Dubai Stocks Rally: Inside EM
Bloomberg 12/20/2020
Equities in Dubai advanced on Sunday amid optimism over a rebound in tourism, while the main index in Israel slumped. Saudi stocks gave up early gains, but are still on track to be the Middle East’s best performers in 2020.
Gauges in Dubai, Bahrain, Qatar and Egypt rose between 0.3% and 1%, while those in Saudi Arabia, Abu Dhabi, Kuwait and Israel slipped. The volume of shares traded in all markets was below the 30-day average ahead of the holiday season. The main index in Riyadh gained as much as 0.6% before ending 0.3% lower.