MIDEAST STOCKS-Gulf stocks rise on oil pact, Egypt lifted by IMF agreement
June 07, 2020 at 09:20 AM EDT
Most bourses in the Gulf ended higher on Sunday, a day after the OPEC+ group of oil producers agreed to extend record production cuts until the end of July, with Egyptian shares boosted by a preliminary deal on a standby IMF loan for the country. Saturday's deal between OPEC