Major Gulf bourses rise
Friday, 27 May 2022
Major Gulf stock markets rose in early trade on Thursday as oil prices firmed, with the Dubai index on track to end a three-session losing streak, reports Reuters.
Oil prices, a key catalyst for the Gulf financial market, rose on signs of tight supply, while the European Union (EU) wrangles with Hungary over plans to ban imports from Russia, the world's second-largest crude exporter, after it invaded Ukraine.