Gulf Markets Rise Led by Saudi and UAE
Most Gulf markets ended Thursday's trading with gains, with Saudi Arabia and the UAE leading the upward movement, supported by strong economic data and active trading. The Saudi stock index closed up by 20.73 points at 11,032.91 points, while the Dubai Financial Market increased by 0.5%, and the Abu Dhabi index rose by 0.3%. However, the Bahrain and Kuwait markets declined due to pressures on the basic materials sectors, whereas the Egyptian market continued its rise, gaining 1.1%, driven by the boost in most leading stocks. These gains come amid ongoing tensions between the United States and Iran, but positive economic data bolstered investor sentiment.
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