Most Gulf markets rose amid expectations of a deal between the US and Iran.
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From Atiq Sharif
June 14 (Reuters) - Most Gulf stock markets rose on Sunday, supported by growing optimism about a possible peace deal between the United States and Iran.
The leaders of the United States and Pakistan indicated that a long-awaited framework agreement might be signed today aimed at ending the months-long conflict between the United States and Iran. Qatari negotiators traveled to Tehran to help finalize the agreement.
But Iran questioned the timing of the agreement, saying that it had not made any final decision and that political, legal and technical reviews were still ongoing.
The Saudi index rose 0.6 percent, with shares of Saudi Arabian Mining Company (Ma'aden) advancing 5.2 percent, despite shares of oil giant Saudi Aramco falling 1.1 percent.
Brent crude futures ended Friday's session at $87.33 a barrel, down $3.05 or 3.37 percent.
Kingdom Holding Company gave up its early gains to close down 6.4 percent.
The investment company of Saudi billionaire Prince Alwaleed bin Talal said it owns 42.4 million Class A ordinary shares in SpaceX, and its financial statements issued on March 31 indicate that they are worth 16.76 billion riyals ($4.47 billion).
The Qatari index closed 1.9 percent higher, driven by a 3.8 percent rise in shares of Qatar National Bank.
The Kuwaiti index rose by 1.5 percent, the Bahraini index by 0.5 percent, and the Omani index by 0.5 percent.
Outside the Gulf region, Egypt's blue-chip index jumped 2.3 percent, with most companies posting gains.
