US stock indices rose by more than 1,700 points in trading today, Monday, supported by positive reports regarding the success of the vaccine alliance of the American giant "Pfizer" and the German "BioNTech" in passing the third phase of clinical trials, and the two companies' declaration that the drug is effective By 90%.

The Dow Jones Industrial Average rose by 1740 points, or 6.17%, to reach 29,944 points, and the Standard & Poor's 500 Index rose 164.80 points, or 4.71%, to reach 3,665.50 points. The Nasdaq index increased. By 182 points, including 1.51%, to reach 12.257 points.

The FTSE index also rose after a stable period in the morning trading session, by 5%, compared to last Friday's close.

The American stock indices continue their journey upwards in today's session, especially after the American and German companies confirmed that they are planning to apply for an emergency use license from the Food and Drug Administration shortly after meeting the safety standards, and it is expected that it will be in the third week of November. Present.

The positive reports helped provide a new impetus to the stock market, which was already optimistic about the outcome of the US presidential election, as the presidential candidate, Joe Biden, received more than 270 votes of the electoral college votes needed to win the US presidency.

The US Stock Exchange recorded major gains last week, the strongest since last April, after expectations increased that Biden would be declared a winner.

According to Bloomberg news agency data, the price of Brent crude in January settlement rose by 6.2% to $ 40.48, and gold prices rose by 5.0% to $ 1960.99 an ounce.

At the same time, the agency pointed out that the unresolved situation in the Senate may weaken the possibility of adopting a major stimulus plan before next January.

Gulf Stock Exchanges after Saudi, Emirati, Russian hints about the possibility of deepening production cuts for the "OPEC" coalition (Getty Images)

Gulf Stock Exchanges

For its part, the main stock market indices in the Gulf rose - on Monday - with the support of strong gains in oil prices, after Saudi, Emirati, Russian hints that the OPEC production cuts could deepen, to counter the decline in global demand for crude, and the strike by workers in the oil sector in Nigeria.

By 12:45 GMT, Brent crude for January delivery was trading up $ 2.9, or 5.9%, at $ 42.01 a barrel.

US West Texas Intermediate crude futures jumped $ 2.6, or 6.59%, to $ 40.01 a barrel.

The Saudi market index "Tadawul" jumped by 2.53% to 8,366.46 points, with the support of the petrochemical and financial sectors. Shares of Aramco, SABIC and Petro Rabigh rose by 1.87%, 4.35% and 3.88%, respectively.

Bank Saudi Fransi increased by more than 5%, and Al-Rajhi Bank and Al-Ahly Commercial Bank increased by 2% each.

In the UAE, the Dubai Stock Exchange index rose 1.75% to 2,219.82 points, with the support of the financial and real estate sectors, led by Emaar and Emirates NBD, which rose by 6.02% and 3.13%, respectively.

The Abu Dhabi market index increased by 0.79% to 4,743.43 points, and the gains were led by shares of the tourism and hotels sector. National Hotels, Tourism and Hotels increased 7.30% and 4.05%, respectively, and Abu Dhabi Commercial Bank rose 2.56%.

The Qatar Stock Exchange index recorded strong gains, at a rate of close to 2%, and the index closed at 10094.81 points, and medical shares and the advantages of winning shares advanced up by nearly 10% for each.

The first index jumped in the Kuwait market by 1.52% to 6177 points, supported by the rise of most stocks, and the National Bank of Kuwait increased by 1.56%.

The Bahrain index increased by 0.28% and closed at 1445.41 points, with the support of the financial sector despite the decline in most of the listed stocks. The shares of Al Khaleeji Commercial, Salam and Al Ahli United banks increased by 9.76%, 2.9% and 0.64%, respectively.

The Muscat Stock Exchange index was the only loser, down by 0.13% to 3547.58 points, and the financial sector stocks led the losses, with the National Bank and Bank Muscat falling 3.16% and 1.1%, respectively.