Mideast Stocks: Most Gulf markets ease on oil, earnings

Commercial International Bank Egypt CIB

13/11/2025 13:12

Updates to closing prices

By Ateeq Shariff

Nov 13 (Reuters) - Most stock markets in the Gulf ended lower on Thursday amid persistently weak oil prices and a string of lackluster corporate earnings reports.

Saudi Arabia's benchmark index .TASI dropped 0.7%, hit by a 0.6% fall in Al Rajhi Bank 1120.SE and a 1.4% decrease in Saudi National Bank 1180.SE.

Elsewhere, oil behemoth Saudi Aramco 2222.SE lost 0.4%.

Oil prices - a catalyst for the Gulf's financial markets - edged up on Thursday, taking a break after major losses in the previous session, as investors weighed concerns about global oversupply with looming sanctions against Russia's Lukoil.

The world oil market will see a small surplus in 2026 after OPEC+ production increases and higher supply from other producers, an OPEC report showed on Wednesday, a further shift from its earlier projections of a deficit.

Dubai's main share index .DFMGI retreated 0.8%, weighed down by a 4.7% slide in Emirates NBD ENBD.DU, while Salik Company SALIK.DU was down 1.9%. The toll operator reported a year-over-year increase in third-quarter net profit, but experienced a sequential decline from the previous quarter.

In Abu Dhabi, the index .FTFADGI lost 0.4%, with Presight AI Holding PRESIGHT.AD plunging 9.8%, despite reporting a rise in quarterly profit.

The Qatari index .QSI tumbled 1.1%, with Qatar Islamic Bank QISB.QA declining 2.4%.

Outside the Gulf, Egypt's blue-chip index .EGX30 eased 0.1%, with Commercial International Bank COMI.CA falling 1.7%.

Saudi Arabia
.TASI fell 0.7% to 11,178
Abu Dhabi
.FTFADGI lost 0.3% to 9,961
Dubai
.DFMGI dropped 0.8% to 5,991
Qatar
.QSI declined 1.1% to 11,082
Egypt
.EGX30 eased 0.1% to 40,191
Bahrain
.BAX was down 0.4% to 2,066
Oman
.MSX30 added 0.1% to 5,723
Kuwait
.BKP finished flat at 9,443

 (Reporting by Ateeq Shariff in Bengaluru; Editing by Toby Chopra)

 ((AteeqUr.Shariff@thomsonreuters.com; +918061822788))