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Gulf markets end blended; Egypt slips

Posted to Maritime Reporter on June 5, 2024

Stock exchange in the Gulf were mixed on Wednesday in the middle of steady oil prices, while soft U.S. labor market information declared expectations of a rates of interest cut by the Federal Reserve in September. Oil prices, a driver for the Gulf's monetary markets, edged up 0.7% after hitting near fourmonth lows in the previous session, with Brent trading at $78.07 a barrel at 1300 GMT. The Qatari criteria stock index increased 0.3%,. getting for a fifth straight session, supported by a 1.9%. increase in Industries Qatar and a 0.7% rise in Qatar. Gas Transport. On the other hand, energy giant QatarEnergy signed an offer to provide. Taiwan's stateowned oil firm CPC with melted gas.