MIDEAST STOCKS Saudi index firms as other Gulf markets remain subdued

  • 📰 Reuters
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Major Gulf stock markets were little changed in early trade on Sunday, though the Saudi index was up 0.4% to extend gains from the previous four sessions.

In a blow for the Saudi economy the kingdom has restricted the annual haj pilgrimage to its own citizens and residents for the second year running in response to the COVID-19 pandemic, the Saudi Press Agency reported on Saturday.

It also set a maximum of 60,000 participants, a fraction of the 2.5 million that would visit the holiest sites of Islam in Mecca and Medina before the pandemic for the week-long haj and the year-round umrah pilgrimage, which together earned the kingdom about $12 billion a year, official data shows.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines