MIDEAST STOCKS-Most major Gulf markets rise, Qatar outperforms | Nasdaq:
Qatar led gains among most of the Gulf indexes that were trading higher on Thursday, as oil prices rose due to worries of supply disruptions.
Concerns over global supply were rekindled after the United States imposed sanctions on a subsidiary of Russian state oil major Rosneft ROSN.MM, which could cut more Venezuelan crude from the market.
Brent crude futures LCOc1 were up 14 cents, or 0.2%, to $59.26 a barrel by 0505 GMT, after climbing to as high as $59.71 earlier in the day.
The Qatari index .QSI advanced 1.1%, with Mesaieed Petrochemical Holding MPHC.QA jumping 4.5% ahead of its results and Qatar National Bank QNBK.QA, Gulf's largest lender, rising 0.7%.
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