TARIFF TURNAROUND

Gulf stocks recover after Trump hits pause on new trade tariffs

Oil prices continued to fall amid concerns that the U.S trade war with China – Saudi Arabia's biggest oil customer – will keep spiraling upward

FAYEZ NURELDINE/AFP via Getty Images

Saudi Arabia's Tadawul Stock Exchange in Riyadh

Gulf stocks reversed direction in tandem with global equity markets after U.S. President Donald Trump declared a pause to his imposition of trade tariffs around the world.

Saudi Arabia’s benchmark Tadawul index rose 4% on Thursday, its biggest intraday...