Collective rise of Gulf stock exchanges, supported by the rise of oil

Capitals: Gulf stock market indices closed collectively higher, Thursday, supported by the rise in oil prices, and tracking the impact of stock markets in the United States and Europe.
By 12:30 (GMT), the benchmark Brent crude contracts for May delivery were traded at $103.79 a barrel, an increase of $5.77, or 5.59 percent.
And US West Texas Intermediate crude contracts for April delivery increased by $5.35, or 5.63 percent, to $100.39 a barrel.
The Saudi market index rose 0.89 percent to 12,769.2 points, supported especially by strong gains in shares in the banking sector, led by Al-Rajhi Bank, up by 3.38 percent, and the oil giant’s share “Aramco” increased 2.07%.
In the UAE, the Dubai Stock Exchange index jumped by 1.1 percent to 3,409.8 points, and the Dubai Financial Market shares led the gains, up 3.57 percent, and “Emaar Development” by 2.95 percent.
The Abu Dhabi market index rose 0.18 percent to 9608.3 points, and the shares of Commercial International Bank led the gains, up 15 percent, and “Dana Gas” increased by 0.88 percent.
The Qatar Stock Exchange index rose 0.89 percent to 13397.6 points, and the main gainers were the petrochemical producers “Industry Qatar” and “Mesaieed”, up by 3 percent and 2.89 percent, respectively.
The first index in the Kuwait market recorded a slight increase of 0.04 percent to 8694.12, and the gains were led by “Arabi Holding” and “Aqaria” shares, up by 8.35 percent and 5.41 percent, respectively.
The Muscat Stock Exchange index rose 0.09 percent to 4,315.8 percent, supported especially by gains in energy shares led by “Voltamp”, up by 4.55 percent, and “Omantel” increased by 1.88%.
The Bahrain index increased by 0.2 percent to 1965 points, supported by a rise in the shares of “Trafco” for food trading and “Aluminum Bahrain”, up by 7.31 percent and 3.08 percent, respectively.
(Anatolia)