Gulf stock market indices closed collectively higher, led by Qatar, on Tuesday, with the continued rise of crude oil prices in global markets, approaching $80 for Brent mix.
By 12:30 (GMT), Brent crude contracts for December delivery rose by 67 cents, or 0.85 percent, to trade at $79.39 a barrel.
And US West Texas Intermediate crude contracts, for November delivery, increased by 82 cents, or 1.09 percent, to $76.27 a barrel.
The Saudi market index rose 0.12% and closed at 11,382.4 points, supported by strong gains for the oil giant’s share, “Aramco”, up by 3.56%, and the share of the petrochemical producer, “SABIC” by 0.63%.
The Qatar Stock Exchange index rose 0.66% to 11,386.5 points, and the petrochemical producer “Industries Qatar” share led gains by 3.59%, and the “Mannai Complex” share increased by 1.73 percent.
In the UAE, the Dubai Stock Exchange index rose 0.48 percent to 2830.7 points, and the most prominent gainers were the shares of Emirates NBD and Union Real Estate, up by 1.81 percent and 1.4 percent, respectively.
The Abu Dhabi market index increased by 0.06 percent to 7756.3 points, and led the gains for the second day in a row, “Gulf Cement” share, up by 11.11 percent, and “energy” share increased by 0.8 percent.
The first index in the Kuwait market recorded a slight increase of 0.01 percent to 7,503.21 points, and the gains were led by “consumer” and “real estate” shares, up by 16.33 percent and 1.49 percent, respectively.
The Muscat Stock Exchange index rose 0.53 percent to 3,952.13 points, led by the “Omani Fisheries” and “Al-Madina Investment” shares, up 7.89 percent and 7.14 percent, respectively.
The Bahrain index increased by 0.22 percent to 1701.8 points, supported by gains in banking shares, led by Al Salam Bank and Ahli United Bank, up by 1.2 percent and 0.32 percent, respectively.
