Most Gulf Markets Gain Amid Midterm Fallout

Gulf stocks mostly advanced as investors weighed the Democrats’ midterm gains against the outlook for the Iran conflict, with hopes for mediation and reduced military escalation helping restore risk appetite. Saudi and Abu Dhabi shares rose, Dubai was flat in one session, and Qatar’s index climbed sharply in another, while company earnings and deal activity supported selected stocks. US strikes on Iran were described by officials as limited and defensive, and diplomatic efforts involving Qatar and other regional governments continued. Analysts also noted that the election’s initial risk-off shock has eased, though political uncertainty, potential technology-sector scrutiny and movements in the dollar and Treasury yields remain relevant to regional investors.