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).
The UAE has retained its position as the world's most attractive real estate investment destination, outranking the United States, the United Kingdom, France and Spain, according to a new survey commissioned by property developer Arada.
Israel will continue its operations on the ground in southern Lebanon for the time being and Lebanese residents forced from their homes by Israel would not be able to return, Defence Minister Israel Katz said on Thursday.
U.S. President Donald Trump will attend the NATO meeting of heads of state that is taking place in Turkey in early July, U.S. Secretary of State Marco Rubio said on Wednesday, providing a confirmation that will likely lead to a sigh of relief across the capitals of the alliance.
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