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Most Gulf bourses advance as Saudi defence pact countries push for peace
Most Gulf bourses ended higher on Tuesday as diplomatic efforts to de-escalate the Middle East conflict gathered pace, a day after Saudi, Turkish and Pakistani officials held talks in Tehran. It was the first high-level contact between Iran and the three allies, who signed a mutual defence pact in August, since the US-Israeli strikes on Iran triggered a war that spread to Saudi Arabia and Yemen. Saudi Arabia’s benchmark index advanced 2.3%, led by a 2.8% jump in Al Rajhi Bank, while First Milling Company soared 9.9% after the flour miller reported a steep rise in quarterly profit. Oil behemoth...
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