Major Gulf stock markets traded higher on Tuesday amid corporate earnings announcements, though investors remained wary of lingering geopolitical tensions, reports Reuters.
US President Donald Trump is dissatisfied with Iran's latest proposal to resolve the two-month conflict, a US official said, dimming hopes for a breakthrough in a war that has disrupted energy supplies, stoked inflation, and claimed thousands of lives.
Under Tehran's latest proposal, discussion of Iran's nuclear program would ?be deferred until the war ends and disputes over Gulf shipping are settled.
Saudi Arabia's benchmark index gained 0.4 per cent, with Al Rajhi Bank rising 1.3 per cent.
Oil major Saudi Aramco rose 0.5 per cent.
Brent crude futures for June climbed $2.32, or 2.1 per cent, to $110.55 a barrel as of 0638 GMT.
Dubai's main share index added 0.1 per cent, helped by a 0.6 per cent rise in Sharia-compliant lender Dubai Islamic Bank.
However, budget airline Air Arabia dropped 0.7 per cent.
Gulf stocks rise, though geopolitical caution lingers
FE Team | Published: April 28, 2026 22:25:54
Gulf stocks rise, though geopolitical caution lingers
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