Most Gulf markets gain in early trade

Most major stock markets in the Gulf rose in early trade on Wednesday, as US data stoked hopes the world's biggest economy can avoid recession, although volatile energy prices limited gains, reports Reuters.
Saudi Arabia's benchmark index edged 0.1 per cent, helped by a 1.7 per cent rise in Dr Sulaiman Al-Habib Medical Services, while, Dar Al Arkan Real Estate Development Co advanced 1.5 per cent.
The developer sold $600 million in Islamic bonds due February 2029 on Tuesday, a bank document showed.
Among other gainers, Saudi Advanced Industries jumped about 4 per cent after reporting a sharp rise in quarterly net profit.
In Qatar, the index climbed 0.7 per cent, as most of the stocks on the index were in positive territory including the Gulf's biggest lender Qatar National Bank, which rose 1.8 per cent.
Dubai's main share index inched 0.1 per cent higher, trading at its highest since late-2015.