Investor optimism surrounding a potential U.S. Federal Reserve rate cut continues to buoy Gulf equity markets. Markets across the region saw modest gains: Saudi Arabia’s index climbed 0.2%, buoyed by a 2.4% rise in shares of Umm al Qura Development. Dubai added 0.1%, led by Emirates NBD’s 1.8% gain, while Abu Dhabi surged 0.6% and Qatar edged up 0.1%, with Qatar National Bank contributing to its rise. Markets remain attuned to upcoming U.S. jobs data and OPEC+ developments. 

Source: Reuters.com