Saudi stocks gain on rising oil prices; Qatar falls – Reuters.com
- Date: 16-Apr-2023
- Source: Reuters
- Sector:Financial Markets
- Country:Saudi Arabia
Saudi stocks gain on rising oil prices; Qatar falls – Reuters.com
April 16 (Reuters) - Saudi Arabia's stock markets ended higher on Sunday after Friday's rise in oil prices, although the Qatari index extended losses for a second session.
Oil prices - a key catalyst for the Gulf's financial markets - were up on Friday in a fourth straight week of gains after the West's energy watchdog said global demand will hit a record high this year on the back of a recovery in Chinese consumption.
Saudi Arabia's benchmark index (.TASI) gained 0.6%, led by a 1.2% increase in Al Rajhi Bank (1120.SE), while oil giant Saudi Aramco (2223.SE) added 0.8%.
Select Sector 
Select Country 
