kmiainfo: On the impact of the Ukraine crisis Gulf stock exchanges record an increase, driven by oil prices On the impact of the Ukraine crisis Gulf stock exchanges record an increase, driven by oil prices

On the impact of the Ukraine crisis Gulf stock exchanges record an increase, driven by oil prices

On the impact of the Ukraine crisis Gulf stock exchanges record an increase, driven by oil prices  Oil prices have risen sharply, reaching their highest level since 2008, on the back of recent tensions, especially in Eastern Europe. This led to the Gulf stock exchanges, in turn, registering a noticeable increase.  The indices of most of the Gulf stock markets closed higher today, Tuesday, amid the continued rise in oil prices, which have a strong impact on the economies of the region, while the Dubai Stock Exchange was the only one with losses.  By 13:02 GMT, Brent crude contracts for May delivery were trading at $125.95 a barrel, an increase of $2.74, or 2.22%. Meanwhile, US West Texas Intermediate crude, for April delivery, increased by $1.99, or approximately 1.67%, to $121.39 a barrel. The Saudi market index also recorded a slight increase, by 0.34%, and closed at 12851 points. The gains were led by "Petro Rabigh" shares, up by 9.47%, and "Al-Rajhi" by 0.91%.  In the UAE, the Dubai Stock Exchange index fell by 0.2% to 3411.9 points, and the most prominent losers were the shares of Dubai Financial Market and Commercial Bank of Dubai, down by 2.14 and 0.99%, respectively.  The Abu Dhabi market index increased 0.62% to 9732.3 points, and the most prominent gainers were Arkan Real Estate and Dana Gas, up by 3.28 and 1.14%, respectively.  The Qatar Stock Exchange index also rose 0.67% to 13682.3 points, supported especially by the gains of the shares of Qatar Islamic Bank and "Al-Mannai Complex", up 3.64 and 1.45%, respectively.  The first index in the Kuwait market increased by 1.13% to 8707.4 points, and the most prominent gainers were the shares of "Ooredoo" for communications and Boubyan Bank, which rose by 9.29 and 6.06%, respectively.  The Muscat Stock Exchange index rose 0.5% to 4223 points, and the gains were led by the "building materials industry", up 7.32%, and the "HSBC" bank increased by 2.88%.  The Bahrain index rose 0.37% to 2069.9 points, and the gains were led by "Bahrain Telecom", up 2.7%, and "Aluminum Bahrain" increased by 0.97%.

Oil prices have risen sharply, reaching their highest level since 2008, on the back of recent tensions, especially in Eastern Europe. This led to the Gulf stock exchanges, in turn, registering a noticeable increase.

The indices of most of the Gulf stock markets closed higher today, Tuesday, amid the continued rise in oil prices, which have a strong impact on the economies of the region, while the Dubai Stock Exchange was the only one with losses.

By 13:02 GMT, Brent crude contracts for May delivery were trading at $125.95 a barrel, an increase of $2.74, or 2.22%.
Meanwhile, US West Texas Intermediate crude, for April delivery, increased by $1.99, or approximately 1.67%, to $121.39 a barrel.
The Saudi market index also recorded a slight increase, by 0.34%, and closed at 12851 points. The gains were led by "Petro Rabigh" shares, up by 9.47%, and "Al-Rajhi" by 0.91%.

In the UAE, the Dubai Stock Exchange index fell by 0.2% to 3411.9 points, and the most prominent losers were the shares of Dubai Financial Market and Commercial Bank of Dubai, down by 2.14 and 0.99%, respectively.

The Abu Dhabi market index increased 0.62% to 9732.3 points, and the most prominent gainers were Arkan Real Estate and Dana Gas, up by 3.28 and 1.14%, respectively.

The Qatar Stock Exchange index also rose 0.67% to 13682.3 points, supported especially by the gains of the shares of Qatar Islamic Bank and "Al-Mannai Complex", up 3.64 and 1.45%, respectively.

The first index in the Kuwait market increased by 1.13% to 8707.4 points, and the most prominent gainers were the shares of "Ooredoo" for communications and Boubyan Bank, which rose by 9.29 and 6.06%, respectively.

The Muscat Stock Exchange index rose 0.5% to 4223 points, and the gains were led by the "building materials industry", up 7.32%, and the "HSBC" bank increased by 2.88%.

The Bahrain index rose 0.37% to 2069.9 points, and the gains were led by "Bahrain Telecom", up 2.7%, and "Aluminum Bahrain" increased by 0.97%.

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