The Saudi and Qatari stock markets finished higher on Sunday after China scrapped COVID curbs, bolstering expectations of a demand recovery in the world's second-largest economy, while Egypt and UAE markets were closed.
Oil prices, which fuels the region's growth, were little changed on Friday close as the market balanced a weaker U.S. dollar and mixed U.S. jobs reports.
Brent futures fell 12 cents, or 0.2%, to settle at $78.57 a barrel on Friday.prices for the Arab light crude it sells to Asia to its lowest since November 2021 amid the global pressures hitting oil.
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