(Bloomberg) –Qatar led Middle Eastern equity markets higher on Sunday amid easing tension between the U.S. and Iran, reversing a negative trend that prevailed most of last week.

The QE Index rose 0.6% on Sunday in Doha, more than any regional peer. Saudi Arabia’s Tadawul All Share Index climbed as much as 0.7% before trimming some gains, with 80% of index members advancing and materials contributing the most to the increase. Benchmarks in Dubai, Abu Dhabi, Bahrain and Egypt also climbed.

Shares in the region caught up with an extension of gains for an index tracking emerging markets equities on Friday, as President Donald Trump backed away from the precipice of war with Iran following the Islamic Republic’s attacks on Iraqi bases where U.S. forces are stationed.

In Riyadh, the final size of Saudi Aramco’s initial public offering jumped to $29.4 billion, one month after its debut as Goldman Sachs Group Inc., one of the underwriters, executed an over-allotment option on the shares.

HIGHLIGHTS:

• The MSCI Emerging Markets Index rose 0.9% last week, the sixth consecutive weekly advance. An index tracking currencies in developing countries gained 0.5% for the week
• World’s Biggest IPO Got Bigger With Aramco’s IPO Size at $29.4 Billion

MIDDLE EASTERN MARKETS:

• The Tadawul All Share Index finished 0.3% higher. The index dropped 0.6% last week
  Stocks contributing the most to the increase by index points: Etihad Etisalat +5.6%; Jabal Omar +1.9%; National Shipping Co. +3.4%
• Advanced Petrochemical climbs 2.2% after reporting full year profit that beat the average analyst estimate
• Samba Financial Group falls 2.8% after announcing 2H dividend of 0.7 riyal/share, lower than for the same period the previous year
• Dubai’s DFM General Index rises 0.1%. It retreated 0.7% last week
• READ: Dubai’s Amanat Considers Buying Stake in VPS Healthcare
• Equity indexes in Abu Dhabi, Bahrain and Egypt increase between 0.2% and 0.5%
• Oman’s stock exchange is closed Sunday, Monday, Tuesday for the official mourning period after the death of Sultan Qaboos, who has died at age 79
• Kuwait’s bourse to be closed Sunday, Monday
• READ: Oman Ruler Must Navigate Volatile Region Taking Over From Qaboos