Abu Dhabi shares ended lower on Thursday but all major Gulf markets managed weekly gains, riding on a rally fueled by optimism around COVID-19 vaccine developments.
Financial markets globally have gained in most sessions over the past couple of weeks as US drugmakers Pfizer Inc and Moderna Inc, and British firm AstraZeneca released positive data on the effectiveness of their vaccine candidates.
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Investors are optimistic that progress made on the vaccine front would help economies recover at a faster pace than expected.
