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6/21/24, 2:28 PM Gulf shares end mixed; US Fed officials comments in focus — TradingView News
Gulf shares end mixed; US
Fed officials comments in
focus
Jun 20, 202416:57 GMT+4
BRN1! −0.08% GNRI +0.16% QNNS +5.79% IQCD +1.39%
Major stock markets in the Gulf were mixed on Thursday amid steady oil
prices, while investors awaited commentary from U.S. Federal Reserve
officials to firm up bets on interest rate cuts this year.
Oil prices, a catalyst for the Gulf's financial markets, rose 0.4% on
geopolitical developments in the Middle East ahead of U.S. inventory
data, with Brent BRN1! trading at $85.41 a barrel by 1200 GMT.
The Qatari benchmark index GNRI was up 0.2%, extending its gains for
the thirteenth session, the longest rally in nearly a year.
Maritime and logistics firm Qatar Navigation QNNS climbed 5.8%, while
petrochemicals and fertilizers conglomerate Industries Qatar IQCD
advanced 1.4%.
Meanwhile, energy giant QatarEnergy and Exxon Mobil XOM , owners of
a $10-billion LNG project that has stalled with the bankruptcy of its main
contractor, are asking a court to immediately oust Zachry Industrial from
the project.
https://www.tradingview.com/news/reuters.com,2024:newsml_L4N3II0YG:0-gulf-shares-end-mixed-us-fed-officials-comments-in-focus/#:~:text=Gulf sh… 1/3
