Middle Eastern Stocks Rally as China Flags Scope for Stimulus
- China central bank governor comments boost developing markets
- Omani gauge retreats after Moody's cuts credit rating
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Stocks across the Middle East advanced after China’s central bank governor highlighted scope for further policy stimulus in the world’s biggest commodities user.
The Tadawul All Share Index rose 1.9 percent to 6,092.01, the highest level since Jan. 11. Dubai’s DFM General Index gained 1.7 percent and Qatar’s QE Index climbed 0.8 percent. Abu Dhabi’s ADX General Index advanced for the first time in three days. Kuwait’s SE Price Index rose 0.7 percent, extending gains for a fourth day, the gauge’s longest winning streak since November.