Most stock markets in the Gulf edged higher on Sunday as U.S.-China resumed talks in Geneva aimed at cooling the trade war that threatens to seriously damage the global economy.
Senior U.S. and Chinese officials met again on Sunday in Geneva, Reuters reported citing two sources familiar with the situation.
On Friday, comments by President Donald Trump that an 80% tariff on Chinese goods "seems right" - making his first suggestion of a specific alternative to the 145% levies - created some hope of progress toward resolving the dispute.
In Qatar, the index (.QSI), opens new tab edged 0.1% higher, helped by a 0.9% rise in Qatar Islamic Bank (QISB.QA), opens new tab.
Saudi Arabia's benchmark index (.TASI), opens new tab fell 0.2%, hit by a 3.8% slide in ACWA Power Company (2082.SE), opens new tab.
However, Saudi Aramco (2222.SE), opens new tab finished 0.6% higher. The world's top oil exporter reported a net profit of 97.54 billion riyals ($26.01 billion) for the first quarter, which beat a company-provided median estimate from 16 analysts of $25.36 billion.
Outside the Gulf, Egypt's blue-chip index (.EGX30), opens new tab dropped 1.1% as most of its constituents were in negative territory including Commercial International Bank (COMI.CA), opens new tab, which retreated 1.6%.
Meanwhile, Egypt's annual urban consumer price inflation accelerated to 13.9% in April from 13.6% in March, data from statistics agency CAPMAS showed on Saturday.
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