❗️Gulf stock markets rally as investors assess US midterm fallout, war on Iran Gulf stock markets rose in early trading on Wednesday as investors assessed the implications of the US midterm elections and awaited Washington's next move in its war on Iran. Saudi Arabia's benchmark index climbed 1.7%, supported by a 6.7% surge in Saudi Arabian Mining Company and a 1.4% gain in Al-Rajhi Bank. Qatar's benchmark index jumped 2.3%, with nearly all its constituent stocks trading higher. Qatar Islamic Bank gained 3.3%. Dubai's main share index advanced 2.1%, led by a 3.6% rise in blue-chip developer Emaar Properties. Abu Dhabi's benchmark index rose 0.9%.