Gulf bourses mixed, Aramco gains on 2021 profit boost
Across the globe, share markets were in a sober mood as fighting in Ukraine raged on with no sign of stopping, leaving investors clutching at hopes for an eventual peace deal, while oil prices climbed anew as supplies remained tight.
Oil prices jumped $3 on Monday, with Brent above $110 a barrel, as European Union nations consider joining the United States in a Russian oil embargo, while a weekend attack on Saudi oil facilities caused jitters.
The oil giant had risen over 4% on Sunday after posting a near double annual profit. read more
Abdullah Al Othaim Markets (4001.SE) fell 1.9% after it began trading ex-dividend.
The Abu Dhabi index (.FTFADGI) fell for the second consecutive session, down 0.3%.
Dubai’s main share index (.DFMGI) was trading 0.3% higher, boosted by financials and industrials.
The Qatari index (.QSI) was nearly flat, up 0.1%.
Shares of Commercial Bank (COMB.QA) were up 1.1%, after the company’s shareholders approved raising foreign ownership limit to 100%.
($1 = 3.7515 riyals)Reporting by Tanvi Mehta in Bengaluru; Editing by Edmund Blair
This article was originally published by Reuters.