Saudi Index Closes Higher as Most Gulf Markets Remain Closed in Mourning for Kuwait's Emir

The Saudi index ended trading on Sunday with a rise of 0.5%, continuing a series of gains driven by signs of impending monetary easing from the Federal Reserve. Most Gulf markets remained closed today in mourning for the late Emir of Kuwait, Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah. The Egyptian benchmark index rose by 0.3%.