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Most major Gulf stock markets opened higher on Tuesday, supported by easing concerns over oil supplies, reduced expectations of a near-term US interest rate hike and improving global risk sentiment. Data showed Gulf oil flows excluding Iran surged to over 81% of pre-war levels in September.
Major Gulf stock markets opened higher Tuesday, buoyed by receding concerns over oil supplies and reduced expectations of a near-term U.S. interest rate hike. Improved global risk sentiment also contributed, with data showing Gulf oil flows (excluding Iran) surging to over 81% of pre-war levels in September.