Saudi extends rally on energy-led gains; Qatar slips - Reuters
Saudi extends rally on energy-led gains; Qatar slips Reuters
Coverage by Political Leaning
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Notable Quotes
"Energy producers and oilfield services typically outperform on higher crude, while the pain concentrates in airlines, shipping, petrochemicals, and any sector with high fuel or logistics intensity."
— Tony Hallside , Executive
"At the sector level, energy and petrochemical companies are likely to remain relatively resilient due to stronger pricing."
— Vijay Valecha , Executive
"As Tua and I both know, I hold great respect for him as a person and a player."
— Jon-Eric Sullivan , Executive
Key People
General manager of the Miami Dolphins.
Mesaieed Petrochemical Holding is a leading petrochemical company in Qatar.
Ooredoo is a telecommunications company based in Qatar.
Saudi Aramco is the state-owned oil company of Saudi Arabia.
CEO of STP Partners.
Former quarterback for the Miami Dolphins.
Chief investment officer at Century Financial.
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<a href="https://news.google.com/rss/articles/CBMisgFBVV95cUxNbVFaSHNlMjR4U3AxQmwxT0E3QnNmRmx1V3M4U2gwaFZ3ZUQwWTFJN1NoMEhhOVcyeW9McmdUV2dDOFFNUWV5enhnanhTa3RrSVNOTE9PUl9yOUtjNVVlUVdSN3YzUHoxUkIwS2RQcGxGRHZJTW9Nb3JiNm5YdFRCT3JDVHZLMEhmUzdrbFNNZ2VKanYycEE1cnd1VFVfNTFJeU1BT05sdkRMd3p4UVJTWTBR?oc=5" target="_blank">Saudi extends rally on energy-led gains; Qatar slips</a> <font color="#6f6f6f">Reuters</font>
Saudi Arabia's benchmark index climbed above 11,000, driven by energy and materials stocks, despite regional geopolitical tensions.
The Saudi index continued its upward trend, marking a fifth consecutive session of gains, led by energy and materials sectors.
GCC equities reached a two-year high, driven by Saudi reforms and synchronized central bank rate cuts.
Gulf stock markets rose as a ceasefire between Israel and Iran appeared to hold, boosting investor sentiment.
The Saudi index rose for the fifth consecutive session after Iran agreed to pause attacks in the Gulf, boosting investor confidence.
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