MIDEAST STOCKS-Most major Gulf markets open higher after Eid break - Reuters

MIDEAST STOCKS-Most major Gulf markets open higher after Eid break - Reuters:

Most major Gulf markets traded in positive territory on Wednesday after the Eid holiday, taking their cue from global equity markets which rose after Washington delayed tariffs on some Chinese imports.

President Donald Trump backed off his plan to impose 10% tariffs on Sept. 1 on remaining Chinese imports, delaying duties on cellphones, laptops and many other consumer goods in the hopes of blunting their impact on U.S. holiday sales.

Among individual markets, Dubai’s index rose 0.4% as most of its real estate stocks traded higher, with blue-chip developer Emaar Properties gaining 1.1%.