Saudi marketUpdated November 4

Saudi and Gulf stocks rise as Democrats take Congress

Saudi and Gulf equities rose in early Wednesday trading after Democrats took control of Congress from Republicans, Asharq Al-Awsat reported. The Saudi main market index, TASI, was up 1.52% at 10,026. Qatar Exchange gained 2.29% to 9,835, while Dubai Financial Market rose 2.25% to 5,942, the largest reported Gulf advances. These are early-session figures, not closing results. The report said investors were watching whether the election result could affect US administration policy and geopolitical risks amid the continuing war on Iran and regional tensions. That remains an area of investor attention, not an established consequence of the election.

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Coverage started November 4