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Stock impact report

Most Gulf markets rise on higher oil prices; Egypt extends losses [Reuters]

Eastern Company (The) (EML) 
US:NASDAQ Investor Relations: easterncompany.com
Company Research Source: Reuters
Oil prices - a catalyst for the Gulf's financial markets - climbed on the day, boosted by potential supply disruptions after Ukrainian attacks on Russian refineries and signs of strong demand. Brent was up 1.9% at $83.44 a barrel by 1300 GMT. Saudi Arabia's benchmark index (.TASI) , opens new tab advanced 0.9%, extending its rally to a second consecutive session, with almost all the sectors in the green. Al Rajhi Bank (1120.SE) , opens new tab , the world's largest Islamic lender, climbed 1.5% and ACWA Power (2082.SE) , opens new tab surged 3.1%. Dubai's benchmark index (.DFMGI) , opens new tab was up 0.2%, lifted by gains in the communications, finance and industry sectors, with Emirates NBD (ENBD.DU) , opens new tab , the Emirate's largest lender, rising 1.5% and Emaar Development (EMAARDEV.DU) , opens new tab gaining 2.4%. In Abu Dhabi, the benchmark (.FTFADGI) , opens new tab rose 0.2%, supported by a 1.1% increase in conglomerate Alpha Dhabi (ALPHADHABI.AD) , opens new Show less Read more
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