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The prices have increased oil Crude Oil, a major catalyst for Gulf financial markets, rose by more than a dollar, due to scarce supplies and news that China Consider reducing the quarantine period for incoming visitors.
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The Saudi index rose 1.4 percent, supported by a 2.3 percent increase in Al Rajhi Bank and 4.6 percent in Riyad Bank.
Farah Murad, Senior Market Analyst at "XTP Mina" That Saudi stock exchange It has resumed its recovery supported by high oil prices, but the market could see a price correction if it starts oil prices Raw to fall again.
The Saudi index posted its largest weekly gain of 4.7% since July.
Among other gains, the Saudi oil giant’s share has risen Aramco By 0.8%, after a Bloomberg report said it would push ahead with plans for an initial public offering of its energy assets by the end of this year or early 2023.
Index went up Abu Dhabi financial market increased by 0.6 per cent with the achievement of the company’s stake "AND&" A jump of 3 percent.
The Dubai index was up 0.3%, supported by a 1.2% rise in Emirates NBD Bank and a 5.4% rise in Deyaar Development Company.
Outside the Gulf region, the main index rose Stock Exchange of Egypt By 1.2%, with Fawry Banking Technology and Electronic Payments up by 5.6%.
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The prices have increased oil Crude Oil, a major catalyst for Gulf financial markets, rose by more than a dollar, due to scarce supplies and news that China Consider reducing the quarantine period for incoming visitors.
actions move
The Saudi index rose 1.4 percent, supported by a 2.3 percent increase in Al Rajhi Bank and 4.6 percent in Riyad Bank.
Farah Mourad, Senior Market Analyst at XTP MENA, said: Saudi stock exchange It has resumed its recovery supported by high oil prices, but the market could see a price correction if it starts oil prices Raw to fall again.
The Saudi index posted its largest weekly gain of 4.7% since July.
Among other gains, the Saudi oil giant’s share has risen Aramco By 0.8%, after a Bloomberg report said it would push ahead with plans for an initial public offering of its energy assets by the end of this year or early 2023.
Index went up Abu Dhabi financial market 0.6%, with the company’s “E &” stock up 3%.
The Dubai index was up 0.3%, supported by a 1.2% rise in Emirates NBD Bank and a 5.4% rise in Deyaar Development Company.
Outside the Gulf region, the main index rose Stock Exchange of Egypt By 1.2%, with Fawry Banking Technology and Electronic Payments up by 5.6%.
