Gulf stock markets closed higher on renewed investor optimism as expectations strengthened that the U.S. Federal Reserve may cut interest rates in December. The uptick followed mixed U.S. jobs data, which many analysts interpreted as a sign of cooling economic momentum, increasing the likelihood of monetary easing.
Major indices across the GCC saw varied movement. Qatar’s benchmark index rose 0.4%, while Saudi Arabia’s mining giant Maaden recorded a strong 3.3% gain. However, Saudi Aramco slipped 0.7%, reflecting selective investor sentiment across sectors.
For professionals in the region, the rally signals improving market confidence and the potential for fresh capital inflows. The shift may offer new opportunities for investors, fundraisers, and portfolio managers navigating the evolving economic landscape.
