Saudi Stocks Lead Gulf Rally as Oil Prices Surge

Saudi Arabia's stock market led Gulf peers higher in August, with the Tadawul All Share Index gaining 5.1 percent as stronger oil prices and corporate earnings supported investor sentiment.

The advance made the Tadawul the best-performing Gulf Cooperation Council benchmark for the month, lifting its 2026 gain to 6.1 percent.

Oman and Kuwait followed Saudi Arabia with gains of 4.5 percent and 1.6 percent respectively, while Qatar and Bahrain slipped 1.1 percent and 1 percent as investor sentiment remained cautious.