Middle Eastern Stocks Rally Led by Oman After Oil-Price Rebound
- Muscat's MSM30 Index advanced the most since January
- Brent crude capped the best week since 2009 on Friday
This article is for subscribers only.
Omani stocks led a rally in most equity markets across the Middle East after oil prices had the biggest-weekly jump in more than six years.
The MSM30 Index advanced 1.5 percent, the most since January, to 5,904.44 at the close in Muscat. Dubai’s DFM General Index climbed 1.1 percent to the highest in more than a week, and Saudi Arabia’s Tadawul All Share Index gained as much as 4.6 percent before closing 1.1 percent higher.