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MIDEAST STOCKS-Gulf may follow oil prices up in wake of U.S. Syria attack
April 9, 2017 / 5:33 AM / 4 months ago

MIDEAST STOCKS-Gulf may follow oil prices up in wake of U.S. Syria attack

DUBAI, April 9 (Reuters) - Stock markets in the Gulf may edge higher on Sunday as crude oil traded to an almost one-month high in the wake of a U.S. missile strike on a Syrian air base.

For the week, crude closed up about 3 percent. U.S. crude settled 54 cents higher at $52.24 a barrel and Brent rose 35 cents to settle at $55.24.

That was after U.S. President Donald Trump on April 7 took the toughest U.S. action in Syria's six-year-old civil war, a move that fuelled geopolitical uncertainty in the Middle East.

Gulf shares were mixed on Thursday as investors remained cautious ahead of companies reporting first-quarter results.

At the close, the Dubai Financial Market General Index was down 0.19 percent.

Saudi Arabian stocks rose as investors showed confidence in the kingdom's efforts to gain inclusion into MSCI's emerging markets index. The Saudi Tadawul All-Share Index rose 0.35 percent.

In Saudi Arabia, shares of Bank Alinma will go ex-dividend on Sunday, as will shares of Saudi Real Estate . (Reporting by Tom Arnold)

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