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Houseofsaud - 2 years ago

Minimal Movement Along Gulf Equity Markets Including a Dip in S Reuters Report

Posted March 24 Sunday saw Gulf stock markets demonstrating minimal fluctuations, with a small dip in the Saudi index due to softening oil prices tempering earlier optimism derived from dovish signals from the U.S. Federal Reserve. The financial pulse of the Gulf, oil prices, took a hit this Friday owing to a potential ceasefire in Gaza, the strengthening dollar, and a decrease in U.S. gasoline demand. The Qatari benchmark index (.QSI) witnessed negligible rise due to the balance struck between gains in sectors like communication services, materials, consumer staples, and energy sectors, and losses in finance, industry and real The post Minimal Movement Along Gulf Equity Markets Including a Dip in S Reuters Report appeared first on House of Saud.


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