Most Gulf markets gain after OPEC+ output boost, eye US tariff deadline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 06 2025
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Source: Reuters
Gulf Stock Market Trends: Most Gulf stock markets closed higher as investors anticipated U.S. tariff decisions and reacted to OPEC+'s agreement to increase oil production by 548,000 barrels per day in August amid recent price volatility.
Key Company Developments: Saudi Arabia's Acwa Power saw an 8% rise after signing agreements for renewable energy projects with Indonesia, while Saudi Aramco is looking to sell gas-fired power plants to generate funds amidst concerns over U.S. tax cuts potentially increasing debt and inflation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
