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Home News Stock Markets

Major Gulf markets mixed in early trade; Saudi extends gains

admin by admin
October 3, 2022
in Stock Markets
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Oct 3 (Reuters) – Major stock markets in the Gulf were mixed in early trade on Monday, ahead of OPEC+’s monthly meet this week, with the Saudi index on course to extend gains for a fourth session.

The benchmark index (.TASI) in Saudi Arabia advanced 1.1%, buoyed by a 1.5% rise in Al Rajhi Bank (1120.SE) and a 1% increase in oil behemoth Saudi Aramco (2222.SE).

Crude prices, a key catalyst for the Gulf’s financial markets, jumped more than 3% in…



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