Saudi ends higher on oil prices; most Gulf markets in red - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Saudi ends higher on oil prices; most Gulf markets in red - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.
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Saudi Arabian stocks climbed on Sunday in response to Friday’s rise in oil prices, while most other bourses in the Gulf were in the red on global economic concerns.

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Saudi woman walks at the Saudi stock market , in Riyadh, Saudi Arabia March 9, 2020.

Russia may cut oil output by 5% to 7% in early 2023 as it responds to price caps, the RIA news agency cited Deputy Prime Minister Alexander Novak as saying on Friday. The Saudi bourse could maintain a stronger profile this week if oil prices continue to move to the upside, said Daniel Takieddine, CEO MENA at BDSwiss.The blue-chip index in Qatar – among the world’s top exporters of liquefied natural gas – dropped 0.6%, hit by a 1.2% fall in Qatar Islamic Bank .

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