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4/3/24, 8:59 AM MIDEAST STOCKS-Gulf bourses rise in early trade on higher oil prices | Nasdaq
MIDEAST STOCKS-Gulf bourses rise in early trade on higher oil prices

Credit: REUTERS/CHRISTOPHER PIKE
March 28, 2024 — 04:16 am EDT
Written by Md Manzer Hussain for Reuters ->

By Md Manzer Hussain
March 28 (Reuters) - Stock markets in the Gulf were up in early trade on Thursday
following two consecutive sessions of decline, with traders reassessing latest data
and gasoline inventories.
Oil prices - a catalyst for the Gulf's financial markets - were up 0.3%, with Brent LC
$86.38 a barrel by 0750 GMT.

Saudi Arabia's benchmark stock index .TASI advanced 0.6%, lifted by gains in mos
Bupa Arabia for Cooperative Insurance 8210.SE surging 5.2% and ACWA Power 20
Among other gainers, Saudi National Bank 1180.SE climbed 4%, after the Kingdom
lender appointed a new chief executive, replacing the acting CEO.
The Qatari benchmark index .QSI rose 0.4%, with most sectors trading in positive t
Qatar National Bank QNBK.QA, the region's largest lender, gained 0.6% and Qatar
0.7%.
Dubai's benchmark stock index .DFMGI edged up 0.2%, helped by a 0.6% gain in b
developer Emaar Properties EMAR.DU and a 1.2% rise in the Emirate's largest lend
NBD ENBD.DU.

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