By Ateeq Shariff
March 16 (Reuters) - Saudi Arabia's stock market ended higher on Sunday, extending gains from the previous session, after S&P upgraded its ratings, although other Gulf peers were subdued amid economic uncertainty sparked by U.S. President Donald Trump's trade tariffs.
Global ratings agency S&P raised Saudi Arabia's rating to 'A+' from 'A' with a stable outlook on Friday, underpinned by ongoing social and economic transformation in the country.
Saudi Arabia's benchmark index .TASI finished 1.1% higher, helped by a 4.4% rise in Saudi Arabian Mining Company 1211.SE and 0.6% increase in Al Rajhi Bank 1120.SE.
In Qatar, the index .QSI closed flat.
Outside the Gulf, Egypt's blue-chip index .EGX30 rose 0.2%, helped by a 2.7% gain in Fawry for Banking Technology and Electronic Payment FWRY.CA.
SAUDI ARABIA | .TASI rose 1.1% to 11,854 |
QATAR | .QSI was flat at 10,422 |
EGYPT | .EGX30 up 0.2% to 31,338 |
BAHRAIN | .BAX eased 0.2% to 1,967 |
OMAN | .MSX30 down 0.1% to 4,382 |
KUWAIT | .BKP fell 0.6% to 8,426 |
(Reporting by Ateeq Shariff in BengaluruEditing by Bernadette Baum)
((AteeqUr.Shariff@thomsonreuters.com; +918061822788;))
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