Most Gulf stock markets closed lower on Sunday after oil prices fell on Friday, as investors weighed oversupply concerns against geopolitical risks, Reuters reported.
Saudi Arabia’s benchmark index slid 1.8 percent, with Al Rajhi Bank down 1.7 percent, Saudi National Bank down 2.3 percent and Saudi Aramco down 1.6 percent, Reuters reported.
Brent crude lost nearly 20 percent in 2025, its steepest annual drop since 2020, extending losses to a third year, Reuters said.
OPEC plus kept output unchanged on Sunday, while Saudi Arabia’s finance ministry said the finance minister approved a 2026 borrowing plan with financing needs of about 217 billion riyals as the kingdom advances its Vision 2030 diversification plan.
Qatar’s index added 0.2 percent as Qatar National Bank gained 0.7 percent, with XS.com MENA analyst Rania Gule citing an LNG anchored economy that buffers oil swings.
Egypt’s EGX30 fell 2.2 percent, with Commercial International Bank down 2.4 percent.
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