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Gulf Markets Dip as Oil Prices Plummet 2%

12/29/2025

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Story summary
  • On December 28, 2025, Gulf stock markets declined as oil prices fell over 2% during holiday trading.
  • Brent crude is down 19% this year, the largest annual drop since 2020.
  • Saudi Arabia's index fell 1%, with Al Rajhi Bank and Saudi Aramco reporting losses.
  • Egypt's blue-chip index rose 0.9% after the central bank cut rates by 100 basis points.
  • Qatar's stock index declined 0.4%.