Saudi bourse extends rebound from 4-month low; Qatar falls

Most Gulf markets fall on Fed rate cut concerns

Gulf stock markets mostly declined following U.S. economic data and Fed comments, with Qatar losing 0.4% and Saudi Arabia gaining 0.2% amid mixed sector performances.

Most Gulf markets subdued on regional tensions

Gulf stock markets were mixed amid geopolitical tensions as Iran may attack Israel; Saudi Arabia rose, while Qatar declined. Egypt's index gained, awaiting IMF review of Egypt's loan program.

Gulf markets rise as Iran plays down Israel's strikes

Gulf stock markets rose on Sunday as tensions eased after Iran downplayed Israeli airstrikes. Major indices in Saudi Arabia, Qatar, and Egypt saw gains, while crude prices expected to fall.

Morgan Stanley expects Egypt to cut rates in Q4 due to inflation drop

Morgan Stanley forecasts Egypt's inflation decrease and predicts stable interest rates amid energy price hikes, aiming for cuts in late 2024 and further reductions by mid-2025.