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MIDEAST STOCKS Most major stock markets in red, tracking oil prices
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Five Middle East giants to move together to open RAN
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MIDEAST STOCKS Explosion at Jebel Ali Port sent tremor through Gulf bourses
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Reuters
3 minute read
An investor looks at the screen at the Dubai International Financial Market in Dubai, UAE February 7, 2018. REUTERS/Satish Kumar
Major stock markets in the Gulf rose in early trade on Tuesday, with the Qatari index marking a gain after four straight sessions of losses.
Saudi Arabia s benchmark index (.TASI) added 0.6%, led by a 0.8% rise in Al Rajhi Bank (1120.SE) and a 3% leap in Riyad Bank (1010.SE).
Saudi Arabia, the world s largest oil exporter, is facing a sharp recession because of the coronavirus crisis and depleted oil revenues.
In Qatar, the index (.QSI) rose 0.7%, with petrochemical maker Industries Qatar (IQCD.QA) advancing 3.3%.
Du Q1 net profit surges 38 7% to $70m
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