Nov 30 (Reuters) – Stock markets in the Gulf ended mixed on Sunday following an easing in crude prices on Friday while anticipation of a U.S. Federal Reserve rate cut next month underpinned sentiment.
Crude futures fell marginally on Friday as investors considered oil’s geopolitical risk premium amid drawn-out Russia-Ukraine peace talks.
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OPEC+ will likely leave oil output levels unchanged at its meetings on Sunday, four OPEC+ sources said as the producer group slows down its push to regain market share amid fears of a .
Saudi Arabia’s benchmark share index (.TASI) slipped 0.5%, with Saudi Arabian Mining Company (1211.SE) losing 2.2% and oil giant Saudi Aramco (2222.SE) down 0.4%.
Saudi Arabia, the world’s biggest oil exporter, is expected to lower
In Qatar, the main share index (.QSI) eased 0.3%, with Qatar National Bank (QNBK.QA), the Gulf’s biggest lender by assets, down 1.1%.
Outside the Gulf, Egypt’s blue-chip index (.EGX30) advanced 1.7%, with Talaat Moustafa Group Holding (TMGH.CA) jumping 6.2%.
Reporting by Ateeq Shariff in Bengaluru; Editing by Emelia Sithole-Matarise
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