Saudi, Egypt gain as markets reopen after Eid holiday; Qatar slips

Traders wait at the Bahrain Bourse after Joe Biden won the U.S. presidency, in Manama, Bahrain, November 8, 2020. REUTERS/Hamad I Mohammed/File Photo

May 8 (Reuters) – Saudi Arabia’s stock market rose on Sunday as it reopened after a week of public holidays to celebrate Eid and was buoyed by a rise in oil prices.

Oil prices rose nearly 1.5% on Friday, and ended higher on the week, as…