tradingkey.logo

MIDEAST STOCKS-Most Gulf bourses settle flat, oil prices fall

ReutersMay 14, 2025 1:59 PM

- Most Gulf stock markets were unchanged at close on Wednesday after oil prices fell as investors looked for data about U.S. crude inventories amid worries of rising supply while stocks globally were steady as trade tensions seemed to ease.

Brent crude futures fell 64 cents, or around 1%, to $65.99 a barrel by 0934 GMT as traders anticipated a potential jump in U.S. crude inventories, with official data expected at 1430 GMT.

Stocks around the world took a breather after a strong rally on easing global trade tensions, after a U.S.-China truce.

Saudi Arabia's benchmark stock index .TASI was unchanged at close.

A 9% surge in wholesale and retail trader Al Hokair 4240.SE offset a 5.43% fall in telecom provider Saudi Telecom 7010.SE and 5.38% fall in real estate firm Taiba Investment Company 4090.SE.

Dubai's main share index .DFMGI settled 0.1% lower, Dubai National Insurance and Reinsurance DNIN.DU logged losses for a second straight session, closing down 5.1%.

Qatar's benchmark stock index .QSI closed up 0.08% with a 1.4% rise in milk producer Baladna BLDN.QA offsetting a 1.3% fall in Qatar International Islamic.

Outside the Gulf, Egypt's blue-chip index .EGX30 closed 0.4% higher. Beltone Financial Holdings closed up 3% after the financial services provider logged a 1.4% rise in quarterly net profit.

SAUDI ARABIA

.TASI was flat at 11,532

ABU DHABI

.FTFADGI down 0.1% to 9,621

DUBAI

.DFMGI down 0.06% to 5,360

QATAR

.QSI up 0.1% to 10,594

EGYPT

.EGX30 rose 0.4% to 31,828

BAHRAIN

.BAX rose 0.10% to 1,920

OMAN

.MSX30 rose 0.8% to 4,397

KUWAIT

.BKP finished flat at 8,755

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI