Middle East markets rally after Donald Trump's election victory
Saudi Arabia’s benchmark index, the TASI, gained 0.9%, while Dubai's main share index gained 0.5%. The Abu Dhabi Securities Exchange, a key player in the region’s stock markets, gained 0.4%.
Major markets in the Gulf rallied early Wednesday after Republican Donald Trump claimed victory in the US presidential elections in a stunning political comeback.
Saudi Arabia’s benchmark index, the TASI, gained 0.9%, while Dubai's main share index gained 0.5%. The Abu Dhabi Securities Exchange, a key player in the region’s stock markets, gained 0.4%.
Israel’s TA35, which tracks the 35 stocks with the highest value in Tel Aviv, was up by 0.97%, while Qatar’s stock exchange was closed for a public holiday.
Meanwhile, oil prices fell in early morning in Europe Wednesday, with benchmarks Brent crude trading at $73.68 per barrel and West Texas Intermediate at $70.26 per barrel. Both were down by over 2.4% from the market’s opening.
