Gulf stock markets, including Saudi Arabia's and Qatar's, rose on Sunday due to US inflation data boosting Fed rate cut expectations.

Gulf stock markets, led by Saudi Arabia's index, rose on Sunday as a US inflation reading boosted expectations of interest rate cuts from the Federal Reserve. Saudi Arabia's benchmark index increased 1.1% after it hit a five-month low on Thursday, with gains in IT, utilities and healthcare stocks. Qatar's benchmark index also rose 0.7% due to gains in energy, finance, and real estate sectors.

June 02, 2024
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