Most Gulf bourses end higher, Dubai rises for eighth session – Reuters
- Date: 12-Dec-2021
- Source: Reuters
- Sector:Financial Markets
- Country:Gulf
Most Gulf bourses end higher, Dubai rises for eighth session – Reuters
Dec 12 (Reuters) - Most Gulf stock markets ended higher on Sunday, buoyed by a rise in oil prices due to easing concerns over the Omicron coronavirus variant's impact on global growth and fuel demand.
Saudi Arabia's benchmark index (.TASI) rose 0.3%, with Sahara International Petrochemical Company (2310.SE) rising 3.3% and petrochemical maker Saudi Basic Industries Corp (2010.SE) adding 1.1%.
However, the index's gains were limited by losses at Saudi Telecom Company (STC) (7010.SE), which dropped about 3% after the final price for the sale of 120 million shares of the company was set at 100 riyals per share, at the lower end of an earlier price range of 100 to 116 riyals. read more
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