Gulf markets track global gains

BANGALORE, Feb 23 (Reuters): Major Gulf stock markets rose in early trade on Monday, tracking global peers after the US Supreme Court struck down import levies imposed by President Donald Trump.
The US Supreme Court ruled on Friday to overturn the tariffs, which Trump had implemented under a law intended for national emergencies, a decision seen as impactful for global trade dynamics. On Saturday, Trump responded by announcing a temporary tariff hike on US imports globally, raising rates from 10 per cent to 15 per cent.
Investor sentiment was also supported by preparations for a third round of nuclear talks between the United States and Iran, easing concerns about a potential escalation in regional tensions.
Saudi Arabia's benchmark index edged up 0.2 per cent, recovering slightly from a near 2 per cent drop in the previous session.