Gulf Stock Markets Surge on Tariff Negotiation Hopes; Saudi Index Up 1%, Dubai Climbs 1.9% on Tuesday, April 8, 2025

Gulf stock markets rebounded on Tuesday, April 8, 2025, buoyed by optimism surrounding potential U.S. tariff negotiations. Saudi Arabia's benchmark Tadawul All Share Index (TASI) advanced 1% to close at 11,303, driven by gains in Al Rajhi Bank (up 1.9%) and Elm Company (up 4.7%). Dubai's main share index climbed 1.9% to 4,890, supported by Emaar Properties (up 1.3%) and Dubai Islamic Bank (up 2.2%). Abu Dhabi's index added 0.5% to 8,989. Qatar's index rose 1.3% to 9,897, with Qatar Islamic Bank gaining 2.5%. Outside the Gulf, Egypt's blue-chip index increased 0.6% to 30,649, boosted by Eastern Company (up 7.1%). Kuwait's market jumped 3.1% to 8,302. In other news, Egypt and France signed a 7 billion euro ($7.66 billion) agreement for a green hydrogen facility, marking a significant step in Egypt's efforts to become a regional hub for green energy.