MIDEAST STOCKS-U.S. job growth lifts most Gulf markets, #Saudi outperforms - Agricultural Commodities - Reuters

MIDEAST STOCKS-U.S. job growth lifts most Gulf markets, Saudi outperforms - Agricultural Commodities - Reuters:

Most major Gulf stock markets rose on Sunday after a decline in the U.S. unemployment rate bolstered global equities on Friday, with Saudi Arabian shares leading the gains.

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 rose 0.7%, snapping a three-session losing streak. Jabal Omar Development jumped 4.3% in its sixth day of consecutive gains. The developer and hospitality service provider has been rising after Saudi Arabia launched a new visa regime for 49 countries and appealed to foreign companies to invest in tourism sector.