Most Gulf stocks gain as Dubai hits five-month high

Most major stock markets in the Middle East ended higher on Sunday, with the Dubai index touching a more than five-month peak, led by its top lender Emirates NBD.

Saudi Arabia’s benchmark index gained 0.7%, with Al Rajhi Bank rising 1.6% and Riyad Bank 3.3%.

Dubai’s main share index closed 1.3% up at its highest since March 12, boosted by a 3.1% gain for Emirates NBD and a 1.5% rise for Dubai Islamic Bank.