Oil surged on Friday, ending the week at multi-year highs as the conflict in Ukraine intensified and oil buyers shunned barrels from Russia, the world's second-largest exporter of crude. read more
Brent (.LCOc1) futures rose 6.9% on Friday to settle at $118.11 a barrel.
Saudi Arabia's benchmark index (.TASI) ended up 0.4%, buoyed by petrochemical and energy stocks.
SABIC Agri-Nutrients (2020.SE) and Sahara International Petrochemical Company (2310.SE) led the gainers, climbing 7% and 6%, respectively.
Oil giant Saudi Aramco (2222.SE) rose for a third consecutive day, closing up 0.7% at a record high of 44.60 riyals.
The Egyptian blue-chip index (.EGX30) dropped 1.8%, led by a decline of nearly 3% in the country's largest lender Commercial International Bank Egypt (COMI.CA).
Foreign investors were the net seller of stocks, according to the exchange data.
Non-oil activity in Egypt's private sector contracted for a 15th month in February; the IHS Markit's Purchasing Managers' Index stood at 48.1, well below the 50.0 threshold that separates growth from contraction. read more
The Qatar stock exchange was closed for a holiday.
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