Gulf bourses end mixed on US rate-cut hopes, weak oil demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 19 2024
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Source: Reuters
Gulf Stock Markets Performance: Gulf stock markets showed mixed results influenced by rising expectations of a U.S. interest rate cut and weak oil demand, with Saudi Arabia's index gaining 0.4% while Dubai's eased 0.1%.
Oil Prices and Economic Outlook: Oil prices declined, remaining below $80 due to concerns over demand from China, impacting market sentiment in the region, while several companies in Saudi Arabia are planning public listings.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
