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added 1.6%. However, ACWA Power 2082.SE and oil major Saudi Aramco 2222.SE slipped 2.5%
and 0.5%, respectively.

The Qatari benchmark index .QSI was up 0.2%, helped by gains in most sectors, led by
communications services and utilities and with Qatar Electricity and Water Co QEWC.QA rising
1.1%.

Ooredo ORDS.QA advanced 1.5% after Nvidia signed a deal to deploy its artificial intelligence
technology at data centres owned by the Qatari telecom group.

In the U.S., the personal consumption expenditures (PCE) price index is due on Friday. A soft
data would likely reinforce market bets on a U.S. rate cut as early as September.

Most Gulf currencies are pegged to the dollar, and any U.S. monetary policy change is usually
followed by Saudi Arabia, the United Arab Emirates and Qatar.

XM: Gulf markets mixed in early trade; U.S inflation data in focus