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Most stock markets in the Gulf ended higher on Tuesday, following a rise in oil prices, with the Abu Dhabi index settling at a record high. According to a market analyst, the GCC markets have recovered as oil prices stabilized, following clearer expectations on global demand. Still, the spread of the delta Covid-19 variant remains an ongoing concern.

Most Gulf markets firm on higher oil prices

Most stock markets in the Gulf ended higher on Tuesday, following a rise in oil prices, with the Abu Dhabi index settling at a record high. According to a market analyst, the GCC markets have recovered as oil prices stabilized, following clearer expectations on global demand. Still, the spread of the delta Covid-19 variant remains an ongoing concern.

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