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Saudi index gains ahead of OPEC+ meet; Qatar falls

OPEC+ oil producers considering lowering their output target at a meeting on Oct. 5. The Saudi index rose for a fourth consecutive session, while the Qatar bourse finished lower. The kingdom expects to post a surplus of 0.2% of GDP in 2023, a drop from an expected surplus of 2.3% this year. Egypt’s blue-chip index fell 1%, as most of the stocks on the index were in negative territory. The main index could be under pressure if crude prices continue to slide, said XTB MENA’s Farah Mourad, Senior Market Analyst of X TB MENA. The Qatari index dropped 1.2%, weighed down by a 1.7% fall in petrochemical maker Industries Qatar. . . .

Read more at www.reuters.com