Saudi Arabia's banks led gains as the kingdom's index ended at a new three-and-a-half year high after breaking above a psychological resistance level.
Britain's top shares slipped on Wednesday morning, led by banks on concerns that the bailout package for Greece has not put an end to the euro zone debt saga but has just averted a messy default in th
Asian stocks fell for a second day and oil retreated from a nine-month high as companies reported lower-than-estimated earnings and a bailout for Greece failed to spur confidence among investors.
Dubai's bourse recouped early-session losses to surge to an eight-month closing high, but analysts warned the rally may be over-extended, while Abu Dhabi's benchmark also ended higher.
Britain's top shares were lower on Tuesday morning, with relief at Greece finally clinching a second bailout deal overshadowed by doubts about the plan's viability.
Asian stocks fell, with the regional benchmark index retreating from a six-month high, as oil prices at a nine-month high threatened to curb spending and accelerate inflation, tempering optimism after
Gulf markets are seen buoyed after Greece signed a deal for its second bailout package with Euro Zone finance ministers, helping lift Asian stocks.
Abu Dhabi's bluechips lifted the emirate's index to a four-month high as they played catch-up to early-year gains on other Gulf markets, but Dubai's rally stalled as investors booked profits in large-
Petrochemical stocks lead gains as Saudi Arabia's bourse closes at a nine-month high in heavy trade, with investors bullish on the local economy.
Gulf markets are seen upbeat on back of global gains, and positive lead from Saudi Arabia a day earlier, but any upside is expected to be limited on overbought local markets.
