Major stock markets in the Gulf rose in early trade on Monday, tracking oil prices higher with the Saudi index on course to snap two sessions of losses.

Oil prices - a catalyst for the Gulf's financial markets - edged up, recouping some of the losses suffered at the end of last week, as investors focused on a tight global supply outlook while a last-minute deal that avoided a U.S. government shutdown restored risk appetite.

OPEC+ is unlikely to tweak its current oil output policy when a panel meets next Wednesday, four OPEC+ sources told Reuters, as tighter supplies and rising demand drive an oil price rally.

Saudi Arabia's benchmark index gained 0.4%, with Dr Sulaiman Al Habib Medical Services rising 1.9% and Saudi National Bank advancing 2.3%.

Dubai's main share index rose 0.3%, led by a 1.6% increase in blue-chip developer Emaar Properties and a 0.9% gain in toll operator Salik Company.

In Abu Dhabi, the index added 0.1%.

The Qatari index was up 0.5%, with petrochemical maker Industries Qatar rising 1%.

Qatar reported a balance of payments surplus of 7.9 billion riyals ($2.17 billion) in the second quarter of 2023, the central bank said on Sunday.

It attributed the BoP surplus to "the elevated diversification of the Qatari economy" which achieved targets. ($1 = 3.6449 Qatar riyals)

(Reporting by Ateeq Shariff in Bengaluru; editing by Philippa Fletcher)