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Mideast Stocks: Most Gulf shares ease, but weekly gains intact

2 Min Read (Reuters) - Saudi Arabian and United Arab Emirates share indexes weakened on Thursday on lower oil prices but still held on to weekly gains, while Qatari and Egyptian stocks finished the week on a high. FILE PHOTO: An investor monitors a screen displaying stock information at the Abu Dhabi Securities Exchange June 25, 2014 /File Photo Oil prices dipped as bullish signals from Chinese import data and U.S. crude oil stocks draws were outweighed by surging coronavirus cases in Europe and new lockdowns in China. [O/R] Saudi Arabia’s benchmark index edged down 0.2%, with Al Rajhi Bank and oil behemoth Saudi Aramco easing 0.4% each. The index gained 1.9% on the week.

Israeli Shares Rise Most in Mideast While Egypt Slips: Inside EM

Israeli Shares Rise Most in Mideast While Egypt Slips: Inside EM Dec 28 2020, 9:34 AM December 27 2020, 3:13 PM December 28 2020, 9:34 AM (Bloomberg) Israeli equities climbed the most in the Middle East as dual-listed firms caught up with U.S. gains from Thursday. (Bloomberg) Israeli equities climbed the most in the Middle East as dual-listed firms caught up with U.S. gains from Thursday. The country’s TA-35 benchmark rose as much as 1.7%. Stocks that are also listed in the U.S., including Azrieli Group Ltd, Bank Leumi Le-Israel BM and ICL Group Ltd, were among the biggest gainers on Sunday. Elsewhere, gauges in Saudi Arabia, Bahrain, Oman and Qatar rose, with Brent crude staying above $50 a barrel in the past two weeks.

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