Gulf stock markets presented a mixed performance on Sunday, May 11, 2025, influenced by optimism surrounding U.S.-China trade talks in Geneva. These discussions aim to ease trade tensions that threaten global economic stability.
Qatar's index saw a slight increase of 0.1%, supported by a 0.9% rise in Qatar Islamic Bank. Saudi Arabia's benchmark index, however, experienced a decrease of 0.2%, impacted by a 3.8% drop in ACWA Power Company. Conversely, Saudi Aramco concluded trading 0.6% higher. The company reported a Q1 net profit of 97.54 billion riyals ($26.0 billion), exceeding analyst expectations.
Egypt's blue-chip index declined by 1.1%, with Commercial International Bank falling by 1.6%. Egypt's annual urban consumer price inflation rose to 13.9% in April. Other regional indices showed Bahrain up 0.2% to 1,920, Oman rising 0.1% to 4,355, and Kuwait climbing 0.7% to 8,723.