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us apple developer accounts for sale:MIDEAST STOCKS-Most major Gulf markets fall; Dubai gains

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April 11 - Stock markets in the Gulf slipped onSunday after oil prices fell at the end of last week, althoughDubai bucked the trend to trade higher.

Oil prices settled lower on Friday and lost around 2% onthe week as production increases and renewed COVID-19 lockdownsin some countries offset optimism about a recovery in fueldemand.

The movement in oil prices is a key catalyst for the Gulfregion's financial markets.

Saudi Arabia's benchmark index slipped 0.2%, hit bya 1.1% fall in Al Rajhi Bank and a 0.9% decline inSaudi National Bank.

However, oil behemoth Saudi Aramco edged up 0.1%.

It was supported by news that the company had agreed a $12.4billion deal to sell a 49% stake in its pipelines to aconsortium led by U.S.-based EIG Global Energy Partners,although the deal had been expected.

Announced late on Friday, it is the company's largest dealsince its record $29.4 billion initial public offering in late2019.

Dubai's main share index rose 0.5%, led by a 1.6%gain in blue-chip developer Emaar Properties and a4.2% jump in DAMAC Properties.

In Abu Dhabi, the index fell 0.1%, with aquaculturefirm International Holding losing 0.4% and GulfPharmaceutical Industries tumbling 7.6%.

Abu Dhabi National Oil Company (ADNOC) is consideringlisting its drilling business on the local stock market,according to three sources familiar with the matter.

The state oil giant says its drilling company is the largestin the Middle East. REUTERS


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