MIDEAST STOCKS-Most of Gulf rises on modest U.S. job growth, #Saudi ends losing streak - Reuters

MIDEAST STOCKS-Most of Gulf rises on modest U.S. job growth, Saudi ends losing streak - Reuters:

Most Gulf markets closed higher on Sunday mirroring the
previous session's rise in global stocks on easing concerns about the U.S.
economy, while Saudi Arabia ended three consecutive days of losses.

The U.S. unemployment rate dropped to near a 50-year low of 3.5% in
September, with job growth increasing moderately, suggesting the slowing economy
could avoid a recession for now despite the trade dispute between the United
States and China.

Saudi Arabia's index was up 0.5% with Jabal Omar Development
adding 3.9% in what was the biggest boost for the index. The developer
and hospitality service provider rose in last six sessions after Saudi Arabia
launched a new visa regime for 49 countries and appealed to foreign companies to
invest in tourism sector.