All Gulf stock markets closed today, Monday, higher after the strong gains achieved by oil prices, and expectations of extending OPEC Plus production cuts.
The Saudi market index "Tadawul" closed at 8,526.64 points, up by 0.29 percent, with the support of "Al-Rajhi Bank", "Aramco" and "SABIC" that rose by 0.97 percent, 0.28 percent and 0.1 percent, respectively.
The Qatar Stock Exchange index rose 0.24 percent to 10,227.2 points, and the gains were led by Nakilat, up 4.18 percent, while Qatar National Bank increased by 0.48 percent; It announced the termination of an international loan arrangement amounting to $ 3.5 billion after closing an equal loan.
UAE shares recorded strong gains with the support of the real estate sector, as the Abu Dhabi index rose by 1.64 percent to 4,951.87 points, and the gains were led by "Arkan" and "Manazel" in the real estate sector, up 9.2 percent and 2.22 percent, respectively.
The Dubai index rose 1.32 percent to 2,299 points, supported by strong gains in real estate stocks led by Emaar, which rose 4.18 percent.
The first index in the Kuwait market rose 0.35 percent to 6,013.36 points, and the gains were led by Aabar Drilling Company, up 14.14 percent.
The Muscat Stock Exchange index registered a slight increase of 0.05 percent to 3,643.44 points, and the gains were led by "Phoenix" Energy, up by 1.82 percent.
The Bahrain index increased by 0.47 percent to 1446.52 points, with the support of the financial sector, so the shares of "National" Holding and "Bahrain National" and "Al-Ahli United" banks increased by 5.42%, 1.13% and 0.64%, respectively.
By 12:48 GMT, the benchmark Brent crude contract (for January delivery), was at 44.34 dollars a barrel, up $ 1.56, or 3.65 percent.
US West Texas Intermediate crude futures (for December delivery) increased $ 1.57, or 3.91 percent, to $ 41.7 a barrel.
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