Gulf Arab Stock Markets Rise After Crude’s Best Week Since April
- Bloomberg GCC 200 Index climbs to highest level in three weeks
- Egyptian stocks retreat after 2-day rally on IMF loan
Oil Posts Best Week Since April
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Stock markets in Dubai and Qatar led an advance across most Gulf equities after oil, the region’s main source of income, posted the best week since April.
Dubai’s DFM General Index advanced 1.2 percent, the biggest gain in almost a month, as Qatar’s QE Index added 0.9 percent. Bloomberg’s GCC 200 Index, a measure of the largest and most liquid companies in the six-nation Gulf Cooperation Council, rose to the highest level in three weeks.