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).
Israel stepped up airstrikes on Syria overnight, declaring the attacks a warning to the new Islamist rulers in Damascus as it accused their Turkish allies on Thursday of trying to turn the country into a Turkish protectorate.
The Syrian Ministry of Foreign Affairs and Expatriates has issued a forceful condemnation following a wave of Israeli airstrikes across the country, denouncing the attacks as a flagrant violation of international law and Syrian sovereignty.
Israel launched airstrikes on military airbases and infrastructure sites in the Syrian cities of Damascus, Hama and Homs on Wednesday, the Israeli military said.
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