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Most Gulf equities gain on easing Iran fears after US midterms, earnings
Most Gulf equity markets ended higher on Thursday as investors bet that Republican losses in this week’s US congressional elections could reduce the risk of a wider conflict with Iran, boosting risk appetite across the region. US President Donald Trump’s push for regime change in Iran backfired politically, with voters angered by the war and high fuel prices, delivering Congress to the Democrats and narrowing his room for manoeuvre. Saudi Arabia’s benchmark stock index gained 0.6%, led by a 1.6% rise in the country’s biggest lender by assets, Saudi National Bank, and a 0.8% increase in Al Rajh...
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