Stock markets in the Gulf were mixed on Sunday, with the Saudi index falling on soft oil prices and lackluster earnings, while the Egyptian index rose to a new peak.
Saudi Arabia's benchmark index (.TASI), opens new tab dropped 0.5%, hit by a 4.6% plunge in Umm Al Qura For Development and Construction Co (4325.SE), opens new tab - falling for a fourth consecutive session.
Elsewhere, oil giant Saudi Aramco (2222.SE), opens new tab dropped 0.5%, while Saudi Telecom Company (7010.SE), opens new tab lost 0.7%, as the stock traded ex-dividend.
Among other decliners, Saudi Research and Media Group (4210.SE), opens new tab retreated 5.1% after posting a third-quarter loss.
On Friday, crude prices recovered from a midday dip on hopes Hungary can use Russian crude oil as Trump met Hungary's Prime Minister Viktor Orban at the White House.
Brent rose 25 cents to settle at $63.63.
In Qatar, the index (.QSI), opens new tab eased 0.1%, with Qatar Islamic Bank (QISB.QA), opens new tab losing 0.4%.
Outside the Gulf, Egypt's blue-chip index (.EGX30), opens new tab advanced 2.2% - hitting a record high - as most of its constituents were in positive territory including Commercial International Bank (COMI.CA), opens new tab, which was up 2.3%.
Egypt and Qatar signed a partnership deal on Thursday to develop a luxury real estate and tourism project on Egypt's Mediterranean coast, part of Doha's $7.5 billion investment pledge to Cairo.
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