Egypt’s blue-chip index outperformed regional peers to close higher on Wednesday, while Saudi stocks slipped on weakness in the financial and petrochemical sectors.
Dubai’s main share index closed 0.7% higher, bolstered by a 0.8% rise in Emirates Integrated Telecommunications (DU) and a 2.1% jump in budget airliner Air Arabia.
Emaar Properties was the biggest boost after Moody’s changed the company’s outlook to stable from negative.
In Abu Dhabi, equities slipped 0.3%, extending losses to a sixth straight session as Fertiglobe dropped more than 2%.
Outside the Gulf, Egypt’s index surged 1.9% in its biggest intraday gain since July 13.