a trader walks out of bahrain bourse in manama bahrain november 5 2020 reutershamad i mohammed july 20 reuters  stock markets in the gulf ended higher on wednesday as recession fears ebbed extending a rebound from the recent selloff triggered by central banks globally raising interest rates to tame inflation in qatar the benchmark index qsi logged its biggest intraday gain since may 2019 at 34 with almost all index stocks in positive territory including the gulfs biggest lender qatar national bank qnbkqa which was up 53 the qatari market rose strongly boosted by company earnings and strong domestic fundamentals said eman alayyaf ceo of ea trading natural gas prices have also improved this month helping stop the decline of the main index alayyaf added among other gainers ooredoo ordsqa surged 92 the telecommunications firm is in talks to sell its myanmar unit in what would mark the exit of the countrys last foreign telecoms operator reuters reported on wednesday citing two people familiar with the matter read more ooredoo is the last majority foreignowned telecoms company in myanmar after norways telenor telol exited in march saudi arabias benchmark index tasi advanced 09 led by a 07 rise in retal urban development co 4322se and a 13 gain in saudi british bank 1060se abu dhabi shares ftfadgi finished 1 higher driven by a 15 rise in the countrys biggest lender first abu dhabi bank fabad the united arab emirates economy grew by an estimated 82 in the first quarter buoyed by higher oil production the central bank said on wednesday the egyptian bourse hit its lowest in nearly six years earlier this month as the country has come under pressure because of a sharp slide in foreign portfolio investor holdings and rising costs of key commodity imports especially since russias invasion of ukraine reporting by ateeq shariff in bengaluru editing by vinay dwivedi