While UAE markets were closed, the Saudi index continued its gains for the third consecutive session, rising 1.3% with almost all stocks increasing. On Thursday, SABIC announced it had agreed to sell SABIC Europe and fully divest its stake in the thermoplastic engineering plastics business in the Americas and Europe in a deal valued at a total of $950 million. Energy, raw materials, and healthcare sectors led the gains. Stock markets in Gulf Cooperation Council countries showed mixed performance on Sunday, in the first session of the week. Aramco's shares rose 2.4%, and Saudi Basic Industries Corporation (SABIC) gained 3.5%, marking the largest percentage increase for the stock in a single session in nearly five months.
