Saudi Market Rises on Oil Price Gains While Egypt Drops, as OPEC+ Nations Seek Output Cuts Amid Supply Concerns
• Saudi stock market rose on Sunday due to increasing oil prices, though Qatar index fell
• Oil prices rose over 2% Friday on U.S. data showing demand growth, but fell for 7th straight week due to oversupply concerns
• Saudi Arabia and Russia, top 2 oil exporters, called for all OPEC+ members to join output cut agreement
• Saudi investment minister met with Chinese officials in Beijing to discuss expanding cooperation in trade, investment and technology
• Egypt's stock index dropped 2% Sunday, with top lender Commercial International Bank declining, as presidential election voting opened expected to give al-Sisi 6 more years