Gulf stocks mostly higher as US inflation slows, China stimulus hopes lift Asia shares
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Most Gulf stock markets rose, tracking gains in Asian shares on hopes for stimulus in China and an end to US rate hikes.
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US inflation data came in below forecasts, easing worries over more aggressive Fed rate hikes.
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Saudi index rose, led by banks and petchems, while Aramco fell as it traded ex-dividend. Saudi inflation eased in October.
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Qatari index advanced with industries Qatar up on oil price gains. Abu Dhabi inched up.
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Dubai market edged down as Dubai Investments declined. Separately, Dubai airport saw highest passenger traffic since 2019 in Q3.