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Most Gulf markets open higher despite weaker oil prices

Most Gulf stock markets opened higher on Wednesday as investors brushed aside worries about global oil demand and awaited the minutes of the Federal Reserve's latest meeting to gauge the way forward for interest rates. 

Most Gulf markets open higher despite weaker oil prices

Oil prices, a key driver of Gulf financial markets, fell on concerns about weak fuel demand amid the state of the global economy and rising COVID cases in China. 

The benchmark Saudi Arabia stock index (.TASI) rose 0.1%, extending gains into a fourth session. Saudi National Bank (1180.SE), the country's largest lender, gained 0.8% and Saudi Arabian Mining Co (1211.SE) rose 1.3%.

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