march 2 reuters  middle east stock markets rose on wednesday as oil prices skyrocketed past 110 a barrel on worries over the impact of aggressive sanctions against russia for invading ukraine oil prices surged to sevenyear highs as supply disruption fears mounted following hefty sanctions on russian banks while traders scrambled to seek alternative oil sources in an already tight market top oil exporter saudi arabia may sharply hike prices of crude for asia in april trade sources said on wednesday with differentials for most grades hitting alltime highs read more meanwhile the organization of the petroleum exporting countries russia and allies together known as opec is due to meet later in the day where they are expected to stick to plans of adding 400000 barrels per day of supply each month shares of abu dhabi national energy company taqaad gained 25 after its board proposed a special cash dividend the qatari index qsi gained 03 boosted by industrials and real estate stocks reporting by tanvi mehta in bengaluru editing by vinay dwivedi