MIDEAST STOCKS UAE, Saudi indexes log monthly gain as Middle East markets end mixed – Reuters
Middle Eastern stock markets closed mixed on Monday, with indexes in the United Arab Emirates and Saudi Arabia logging monthly gains amid rising oil prices and improving business activity in their non-oil sectors.
Brent crude futures (.LCOc1) have gained more than 3% this month and are up more than 34% year-on-year, according to Refinitiv Eikon data.
The United Arab Emirates’ non-oil sector expanded in April as the seasonally adjusted IHS Markit UAE Purchasing Managers’ Index (PMI) edged up to 52.7,…
