Oil Lifts Saudi Bourse While Regional Tensions Weigh
Gulf markets ended mixed as rising oil prices supported Saudi Arabia while regional tensions dragged down Qatari and Egyptian indexes. Brent crude futures rose significantly amid concerns over Middle Eastern supply.
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Saudi Arabia's benchmark index rose 0.8% on Sunday, lifted by higher oil prices, while Qatar fell to a six-year low amid regional tensions. Gulf markets ended mixed during the Sunday session as geopolitical strains weighed broadly on investor sentiment. The divergent performance highlights growing divergence across Middle Eastern equities as oil markets react to supply risks.
