Stock markets across the Gulf ended the week on a mixed note on Sunday, as investors weighed easing crude prices against expectations of a U.S. Federal Reserve rate cut next month.

Crude futures slipped slightly on Friday, reflecting a moderation in oil’s geopolitical risk premium amid ongoing Russia-Ukraine peace talks.

In Saudi Arabia, the benchmark TASI index fell 0.5% to 10,591, dragged lower by declines in major stocks, including Saudi Arabian Mining Company (1211) down 2.2% and Saudi Aramco (2222) slipping 0.4%.

Elsewhere in the region, market movements were varied:

• Qatar’s GNRI eased 0.3% to 10,615.
• Egypt’s EGX30 advanced 1.7% to 40,710.
• Bahrain’s BHBX remained flat at 2,040.
• Oman’s MSX30 rose 1.2% to 5,706.
• Kuwait’s BKP edged up 0.2% to 9,428.

Investor sentiment was supported by expectations of a potential U.S. rate cut, which could lower borrowing costs and encourage capital inflows into regional equities. However, oil price volatility and geopolitical uncertainty continue to influence market dynamics across the Gulf.