Regional stock markets in the Middle East saw modest gains driven by bargain-hunting, amid softer U.S. labor data that bolstered hopes for interest rate cuts. However, Saudi Arabia’s main index dropped slightly (-0.2%) and is closing in on a two-year low, with key names like Al Rajhi Bank & ACWA Power under pressure. Qatar’s market, led by financial sector gains (e.g. Qatar Islamic Bank), outperformed somewhat. 

Source: reuters