Gulf bourses advance as investors weigh US midterms and Iran standoff

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Gulf bourses advanced in early trade as investors weighed the fallout from the US midterms and waited to see how Washington would respond in its war with Iran, Reuters reports.

Democrats seized the Senate and the House, dealing a setback to President Donald Trump. Their wins in South Carolina, Texas and Ohio broke through long-held Republican territory.

Saudi Arabia’s benchmark index gained 1.7 per cent, lifted by a 6.7pc jump in Saudi Arabian Mining Company and a 1.4pc rise in Al Rajhi Bank.

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