LONDON: Stock markets in the Gulf closed higher on Thursday amid steady oil prices as a ceasefire between Israel and Iran appeared to be holding for a second day.
Markets have been soothed by the ceasefire after 12 days of strikes on each other’s territory.
US President Donald Trump said on Wednesday he would likely seek a commitment from Iran to end its nuclear ambitions at talks next week.
Saudi Arabia’s benchmark stock index extended its gains to a fourth straight session, rising 0.9 percent, with most sectors in the green.
Al Rajhi Bank, the world’s largest Islamic lender, gained 0.9 percent and oil major Saudi Aramco added 0.7 percent.
