Most Gulf stock markets ended higher on Sunday, extending gains from the previous session after temporary U.S. tariff relief boosted sentiment, though global trade uncertainty remains a concern.
In a stunning reversal, U.S. President Donald Trump on Wednesday announced a temporary lowering of hefty duties he had imposed on dozens of countries.
Saudi Arabia's benchmark index (.TASI), opens new tab gained 0.8%, helped by a 3.9% rise in Riyad Bank (1010.SE), opens new tab and a 0.4% increase in Al Rajhi Bank (1120.SE), opens new tab.
The Qatari index (.QSI), opens new tab added 0.2%, with petrochemicals and commodities-focused conglomerate Industries Qatar (IQCD.QA), opens new tab closing with a gain of 0.7%.
Outside of the Gulf, Egypt's blue-chip index (.EGX30), opens new tab advanced 1.2%. Almost all constituents were in positive territory, including a 3.9% jump for tobacco monopoly Eastern Company (EAST.CA), opens new tab.
