Gulf bourses end mixed on US rate-cut hopes, weak oil demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 19 2024
0mins
Should l Buy ?
Source: Reuters
Gulf Stock Markets Performance: Gulf stock markets showed mixed results influenced by rising expectations of a U.S. interest rate cut and weak oil demand, with Saudi Arabia's index gaining 0.4% while Dubai's eased 0.1%.
Oil Prices and Economic Outlook: Oil prices declined, remaining below $80 due to concerns over demand from China, impacting market sentiment in the region, while several companies in Saudi Arabia are planning public listings.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
