Most Gulf markets gain on rising oil
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 29 2024
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Source: Reuters
Gulf Stock Markets Performance: Most Gulf stock markets rose on Sunday, driven by a more than 1% increase in oil prices due to a significant drawdown in U.S. crude inventories and optimism regarding Chinese economic growth.
Egypt's Economic Situation: In contrast, Egypt's blue-chip index fell by 1.2%, with the central bank maintaining unchanged interest rates amid high inflation expectations for early 2025.
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.
