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Most Gulf stock markets ended higher on Sunday, extending gains from the previous session after temporary U.S. tariff relief boosted sentiment, though global trade uncertainty remains a concern. In a stunning reversal, U.S. President Donald Trump on Wednesday announced a temporary lowering of hefty duties he had imposed on dozens of countries.
Saudi Arabia's benchmark index gained 0.8%, helped by a 3.9% rise in Riyad Bank and a 0.4% increase in Al Rajhi Bank.
The Qatari index added 0.2%, with petrochemicals and commodities-focused conglomerate Industries Qatar closing with a gain of 0.7%. Outside of the Gulf, Egypt's blue-chip index advanced 1.2%.
Almost all constituents were in positive territory, including a 3.9% jump for tobacco monopoly Eastern Company.
SAUDI ARABIA rose 0.8% to 11,593
QATAR was up 0.2% to 10,118
EGYPT gained 1.2% to 31,175
BAHRAIN finished flat at 1,902
OMAN added 0.1% to 4,276
KUWAIT lost 0.2% to 8,361
(Reporting by Ateeq Shariff in Bengaluru Editing by David Goodman)