Gulf Arab Stocks Trim Worst Start in 10 Years After Oil Rebounds
- Brent crude posted second weekly advance on supply cut bets
- Bloomberg GCC 200 Index extends rising streak to three days
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Gulf Arab equities trimmed their worst January in at least a decade after oil capped its second weekly advance.
Dubai’s DFM General Index led gains in the region, climbing to the highest in more than three weeks as the number of shares traded was almost double the six-month average. Abu Dhabi’s ADX General Index had the biggest increase in more than a year. Saudi Arabia’s Tadawul All Share Index rose a fourth day, the longest streak since November.