The main index in Saudi Arabia closed 0.9% higher, supported by Riyadh Bank shares rising 4.1% and Etihad Etisalat Company shares jumping 4.5%. .
Mobily Saudi Telecom Company said it posted quarterly profits, after zakat and taxes, of 465 million riyals ($124 million), up from 319 million riyals a year earlier.
Shares of Savola Group also rose, closing up 4.7% after the release of quarterly results.
In Dubai, the main index fell 0.1%, hurt by the 1.1% drop in the Dubai Islamic Bank.
In Abu Dhabi, the main index closed down 0.6%, due to a 0.3% decline in International Holdings, as the company prepares to announce its first quarter results.
Oil prices, a major catalyst for Gulf financial markets, erased early gains during US trading hours as a political row over the US debt ceiling overshadowed a meeting finance ministers of the G7, raising fears of a possible recession in the world. largest oil consumer.
Outside the Gulf region, the Egyptian Stock Exchange’s flagship index fell 1.3% and most stocks in the index were in the red zone, including Commercial International Bank, whose share fell. fell 1.1%.
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