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Stock markets in the Gulf ended in different directions on Monday after U.S. lawmakers reached a tentative agreement on the debt ceiling, while concerns about more Federal Reserve interest rate hikes weighed on sentiment.
Most stock markets in the Gulf ended lower on Sunday as investors focus in on the prospects of more Federal Reserve interest rate hikes as the U.S. closes in on a deal to raise its debt ceiling.
Stock markets in the United Arab Emirates closed higher on Friday as oil prices rose following progress in talks over increasing the U.S. debt limit.
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Most major Gulf markets were range-bound on Thursday as the impasse in negotiations to raise the U.S. debt ceiling and avoid a default kept investors wary of risky assets.