Brent crude futures fell by $1, or 1.3 percent, to $74.82 a barrel by 1310 GMT, after touching a peak of $76.70.
The main index of the Saudi Stock Exchange fell 0.5 percent, to 10,939 points, affected by a 0.7 percent drop in Al Rajhi Bank and a 0.9 percent drop in the oil giant Saudi Aramco.
On the other hand, shares of the Saudi Tadawul Group, which operates the Kingdom’s Stock Exchange, rose more than six percent in the second day of trading.
In Abu Dhabi, the main index fell 0.8 percent, affected by a 2.3 percent drop in the shares of First Abu Dhabi Bank, the largest bank in the Emirates.
The main index in Dubai advanced 0.9 percent, to continue to achieve consecutive gains, supported by a 2.3 rise in the shares of Dubai Islamic Bank.
The benchmark index of the Qatar Stock Exchange rose 0.1 percent to 11,619 points, supported by a 0.5 percent increase in the shares of Qatar Islamic Bank.
The Bahrain index rose 0.6 percent, while the Muscat index fell 0.1 percent to 4,008 points, and the Kuwait index settled at 7,632 points.
Outside the Gulf region, the Egyptian Stock Exchange index closed up 0.7 percent to 11,535 points, led by the rise of Abu Qir Fertilizers Company shares by 20 percent, following a deal on the company’s shares worth 2.25 billion Egyptian pounds ($143.59 million). (Reuters)
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