Most stock markets in the Gulf ended higher on Sunday, amid growing optimism for a Federal Reserve interest rate cut in December, although gains were restrained by subdued oil prices.
U.S. monetary policy shifts have a significant impact on Gulf markets, where most currencies are pegged to the dollar, and financial markets are pricing in an increased likelihood of a third and final Fed rate cut this year after Thursday's jobs data.
The delayed U.S. employment report showed a mixed labor market picture, with non-farm payrolls rising by 119,000 in October, well above forecasts for a 50,000 gain, while the unemployment rate climbed to a four-year high.
In Qatar, the index (.QSI), opens new tab rose 0.4%, led by a 3.6% jump in telecoms firm Ooredoo (ORDS.QA), opens new tab.
Last week, Ooredoo finalized its fully marketed secondary global offering of shares previously owned by the Abu Dhabi Investment Authority.
Saudi Arabia's benchmark index (.TASI), opens new tab finished flat, with Saudi Arabian Mining Company (Maaden) (1211.SE), opens new tab advancing 3.3%.
Rare earth miner MP Materials (MP.N), opens new tab said on Wednesday it would build a refinery in Saudi Arabia for the minerals, with the U.S. Department of Defense and state-owned Maaden, to expand Middle Eastern processing of the critical minerals.
On the other hand, oil giant Saudi Aramco (2222.SE), opens new tab lost 0.7%.
Oil prices extended their decline for a third session on Friday, touching a one-month low, as the U.S. pushed for a Russia-Ukraine peace deal that could boost global oil supplies.
Outside the Gulf, Egypt's blue-chip index (.EGX30), opens new tab was up 0.4%.
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