Stock markets in the Gulf ended lower on Sunday in response to Friday's fall in oil prices.
Saudi Arabia's benchmark index (.TASI) edged 0.1% higher, ending two sessions of losses © Mena Today
Stock markets in the Gulf ended lower on Sunday in response to Friday's fall in oil prices, although the Saudi index bucked the trend to trade higher.
Oil - a catalyst for the Gulf's financial markets - fell on Friday as the release of some hostages in Gaza reduced the geopolitical risk premium.
In Qatar, the index (.QSI) dropped 0.7%, weighed down by a 1.5% fall in Qatar Islamic Bank (QISB.QA) and a 1.5% decrease in petrochemical maker Industries Qatar (IQCD.QA).
Outside the Gulf, Egypt's blue-chip index (.EGX30) declined 0.8%, with top lender Commercial International Bank (COMI.CA) losing 2%.
Saudi Arabia's benchmark index (.TASI) edged 0.1% higher, ending two sessions of losses, helped by a 1.2% rise in Elm Company (7203.SE).
Israelis will on Wednesday mark three years since Hamas attacked Israel on October 7, 2023, triggering a military assault that destroyed much of Gaza, where conditions remain dire despite a year-old ceasefire that is meant to halt the war for good.
Canadian Prime Minister Mark Carney will travel to Ankara and Istanbul from October 21 to 23, his office said on Tuesday, in what will be the first dedicated bilateral visit to NATO ally Turkey by a Canadian leader.
Israeli Ambassador Danny Danon said “Three years ago, on October 7th, Hamas tried to break us. They did not.”
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