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10/17/24, 2:23 PM Major Gulf markets gain ahead of earnings; regional conflict, oil limit gains - Markets - Business Recorder
Major Gulf markets gain ahead of earnings; regional
conflict, oil limit gains
Reuters Published October 16, 2024
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Major stock markets in the Gulf rose in early trade on Wednesday as
investors braced for third-quarter earnings, although regional conflict and
softening oil prices limited gains.
Saudi Arabia’s benchmark index gained 0.3%, with aluminium products manufacturer Al
Taiseer Group rising 0.6% and Al Rajhi Bank adding 0.7%.
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