Stock markets in the Gulf ended mixed on Sunday following an easing in crude prices on Friday while anticipation of a U.S. Federal Reserve rate cut next month underpinned sentiment.
Crude futures fell marginally on Friday as investors considered oil's geopolitical risk premium amid drawn-out Russia-Ukraine peace talks.
OPEC+ will likely leave oil output levels unchanged at its meetings on Sunday, four OPEC+ sources said as the producer group slows down its push to regain market share amid fears of a .
Saudi Arabia's benchmark share index (.TASI), opens new tab slipped 0.5%, with Saudi Arabian Mining Company (1211.SE), opens new tab losing 2.2% and oil giant Saudi Aramco (2222.SE), opens new tab down 0.4%.
In Qatar, the main share index (.QSI), opens new tab eased 0.3%, with Qatar National Bank (QNBK.QA), opens new tab, the Gulf's biggest lender by assets, down 1.1%.
Outside the Gulf, Egypt's blue-chip index (.EGX30), opens new tab advanced 1.7%, with Talaat Moustafa Group Holding (TMGH.CA), opens new tab jumping 6.2%.
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