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Most Gulf bourses rebound on Iran diplomacy hopes; Egypt falls ahead of Saudi defence vote
Most Gulf stock markets closed higher on Monday, with Saudi Arabia and Qatar posting their strongest gains in months, as scheduled talks between Iranian leaders and officials from Saudi Arabia, Turkiye and Pakistan raised hopes of easing tensions between the US and Iran. The talks, set to take place in Tehran on Monday, will be the first high-level contact between the four countries since Saudi Arabia became a pressure point in the wider Iran conflict. The Saudi benchmark index surged 3.4%, marking its largest one-day gain in over 13 months. The index also logged its first gain in six sessions...
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