Saudi leads major Gulf markets higher

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Saudi leads major Gulf markets higher
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Major stock markets in the Gulf rose in early trade on Sunday amid strong oil prices, with the Saudi index outperforming the region as the country eased coronavirus curbs.

The kingdom is rolling back COVID-19 restrictions from Oct. 17 in response to a sharp drop in daily infections and a considerable development in vaccinations. The authorities also cancelled curbs on fully vaccinated people at closed venues, restaurants and cinemas, and on transportation.

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