Gulf Stock Markets Rise Amid Oil Price Gains

Gulf stock markets experienced positive trends in early trading as rising oil prices, driven by escalating tensions in the Ukraine war, bolstered investor confidence. Brent crude increased by 0.5%, trading at $73.63 per barrel. Key indices in Dubai and Saudi Arabia reported gains of 0.7% and 0.2%, respectively, with substantial contributions from finance and real estate sectors. Abu Dhabi's market remained stable, while Qatar's index saw minor declines due to losses in several sectors. The resilience of Gulf markets amidst uncertainties surrounding US interest rates and fluctuating oil prices indicates a strong outlook for sectors like real estate and finance. Overall, geopolitical developments in Eastern Europe are closely watched for their potential impacts on oil supply, demand, and broader market dynamics.