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4h agoMost Gulf stock markets rise after Fed rate cut and upbeat earnings; Saudi dips
Major Gulf market indices advanced on Thursday following the Federal Reserve’s rate cut and stronger-than-expected local corporate earnings, while Saudi Arabia’s benchmark fell 0.8%. The Abu Dhabi index gained 0.5% on robust results from its banks, and Dubai’s index rose 0.3% as Emirates NBD and telecom firm Ooredoo posted profit increases of ~11–30%. The rally was underpinned by the U.S.–China trade détente and optimism about petro-dollar-linked flows, though caution remains amid global policy uncertainty and pegged-currency vulnerabilities.
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optimistic
4h agoMost Gulf stock markets rise after Fed rate cut and upbeat earnings; Saudi dips
Major Gulf market indices advanced on Thursday following the Federal Reserve’s rate cut and stronger-than-expected local corporate earnings, while Saudi Arabia’s benchmark fell 0.8%. The Abu Dhabi index gained 0.5% on robust results from its banks, and Dubai’s index rose 0.3% as Emirates NBD and telecom firm Ooredoo posted profit increases of ~11–30%. The rally was underpinned by the U.S.–China trade détente and optimism about petro-dollar-linked flows, though caution remains amid global policy uncertainty and pegged-currency vulnerabilities.
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optimistic
Most Gulf stock markets rise after Fed rate cut and upbeat earnings; Saudi dips
about 5 hours ago
1 min read
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Gulf equities broadly rose after the Fed cut rates and strong local earnings, though Saudi markets bucked the rally.
Major Gulf market indices advanced on Thursday following the Federal Reserve’s rate cut and stronger-than-expected local corporate earnings, while Saudi Arabia’s benchmark fell 0.8%. The Abu Dhabi index gained 0.5% on robust results from its banks, and Dubai’s index rose 0.3% as Emirates NBD and telecom firm Ooredoo posted profit increases of ~11–30%. The rally was underpinned by the U.S.–China trade détente and optimism about petro-dollar-linked flows, though caution remains amid global policy uncertainty and pegged-currency vulnerabilities.
Major Gulf market indices advanced on Thursday following the Federal Reserve’s rate cut and stronger-than-expected local corporate earnings, while Saudi Arabia’s benchmark fell 0.8%. The Abu Dhabi index gained 0.5% on robust results from its banks, and Dubai’s index rose 0.3% as Emirates NBD and telecom firm Ooredoo posted profit increases of ~11–30%. The rally was underpinned by the U.S.–China trade détente and optimism about petro-dollar-linked flows, though caution remains amid global policy uncertainty and pegged-currency vulnerabilities.
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Oct 30, 2025 • 17:10 IST