Major Gulf markets experienced mixed performance over the past week, influenced by earnings reports and fluctuations in oil prices. Following a period of gains driven by positive earnings and investor optimism regarding potential U.S. interest rate cuts, markets faced challenges as oil prices approached a six-week low. On July 21, markets showed gains as focus shifted to earnings, but by July 24, Saudi markets extended losses. The week concluded on July 25 with a retreat in major Gulf markets, coinciding with a decline in global shares and oil prices. Despite the recent downturn, analysts noted that stocks in the Gulf region had rebounded during the summer after a sluggish first half of 2024, with buyers attracted by upbeat earnings and lower valuations.