Saudi Arabia's stock market ended higher on Sunday, extending gains from the previous session, after S&P upgraded its ratings, although other Gulf peers were subdued amid economic uncertainty sparked by U.S. President Donald Trump's trade tariffs.
Global ratings agency S&P raised Saudi Arabia's rating to 'A+' from 'A' with a stable outlook on Friday, underpinned by ongoing social and economic transformation in the country.
Saudi Arabia's benchmark index (.TASI), opens new tab finished 1.1% higher, helped by a 4.4% rise in Saudi Arabian Mining Company (1211.SE), opens new tab and 0.6% increase in Al Rajhi Bank (1120.SE), opens new tab.
In Qatar, the index (.QSI), opens new tab closed flat.
Outside the Gulf, Egypt's blue-chip index (.EGX30), opens new tab rose 0.2%, helped by a 2.7% gain in Fawry for Banking Technology and Electronic Payment (FWRY.CA), opens new tab.
