Major Gulf bourses rise

FE Team | Published: May 26, 2022 23:50:11

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.