Saudi Arabia's stock market rose on Thursday in the first session of the New Year, while most other regional bourses remained closed.
Saudi Arabia's benchmark index (.TASI), opens new tab gained 0.6%, supported by broad-based buying led by consumer staples, information technology and utilities. Riyad Bank (1010.SE), opens new tab rose 1.7% and ACWA Power (2082.SE), opens new tab added 1.2%.
Saudi Arabia's National Debt Management Center said on Wednesday it had completed arrangements for a $13 billion, seven-year syndicated loan to help finance power, water and public utilities projects.
Among individual stocks, Al Khaleej Training and Education (4290.SE), opens new tab jumped 7.6% after its unit signed a contract with the Saudi Electricity Regulatory Authority to operate and manage the authority's contact centre and digital channels.
In Oman, the stock index (.MSX30), opens new tab edged up 0.5%, with most constituents higher. OQ Exploration and Production (OQEP.OM), opens new tab gained 1.4% and Oman Telecommunications (OTEL.OM), opens new tab climbed 1.6%.
Separately, Oman approved its 2026 budget on Thursday with a deficit of 530 million Omani rials ($1.38 billion), equivalent to 1.3% of GDP, state news agency reported.
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