Oct 4 (Reuters) – Major stock markets in the Gulf region ended mixed on Monday, amid concerns about a recovery in the global economy, although rising oil prices provided some support.
GCC stock markets moved in different directions as investors remain worried about the global economic slowdown and how more durable inflation will have an impact on monetary policy, said Wael Makarem, senior market strategist at Exness.
World stocks were on the back foot on concerns that higher inflation, supply shortages and China’s property sector woes would put global economic recovery at risk. read more
However, ADNOC Drilling (ADNOCDRILL.AD) extended…