an investor monitors a screen displaying stock information at the abu dhabi securities exchange june 25 2014file photo dec 8 reuters  dubais stock market rose in early trade on wednesday and was headed for a sixth straight session of gains while weak oil prices weighed on saudi shares dubai is planning an initial public offering of business park operator tecom group on the local stock exchange the emirates media office reported on tuesday read more the dubai government last month announced plans to list 10 statebacked companies on its stock market as part of plans to boost activity on the local bourse it also said it plans to set up a 2 billion dirham market maker fund to encourage more private companies to list saudi arabias benchmark index tasi fell 03 hit by a 04 dip in al rajhi bank 1120se and a 14 decline in saudi national bank 1180se the kingdoms biggest lender oil prices a key catalyst for the gulfs financial markets eased after two days of gains as investors waited for an assessment of the full impact of the omicron coronavirus variant on global economy and fuel demand as well as the effectiveness of existing vaccines shares of saudi tadawul group 1111se the kingdoms stock exchange operator rose as much as 20 to 1266 riyals in their stock market debut tadawul had set its initial public offering price at 105 riyals a piece at the top end of the indicated range raising 378 billion riyals 101 billion in the deal in abu dhabi the index adi rose 05 with the countrys largest lender first abu dhabi bank fabad putting on 13 meanwhile the united arab emirates will shift to a working week of four and half days with a saturdaysunday weekend from the start of next year to better align its economy with global markets but private companies will be free to choose their own working week read more the qatari index qsi eased 01 weighed down by a 07 fall in qatar islamic bank qisbqa reporting by ateeq shariff in bengaluru editing by subhranshu sahu