MIDEAST STOCKS-Oil buoys Saudi market, ex-dividend stocks hurt Abu Dhabi - Reuters:
Saudi Arabia’s stock market extended gains from the previous session on Thursday, helped by the rise in oil prices, while the Abu Dhabi index was pressured by firms trading ex-dividend.
Brent was up 7.2%, or $1.63, at $24.17 a barrel by 0731 GMT, boosted by signs that the U.S. crude glut is easing and fuel demand battered by COVID-19 restrictions is starting to pick up.
On Wednesday, Brent settled at $22.54 a barrel, up $2.08, or 10.2%.
Saudi Arabia’s benchmark index added 1.2%, led by a 2% gain in Al Rajhi Bank and a 1.6% increase in oil giant Saudi Aramco.
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