Most major stock markets in the Gulf rose in early trade on Monday tracking Asian shares, buoyed by a temporary easing of trade tensions after the U.S. exempted smartphones and computers from reciprocal tariffs.

Asia-Pacific stocks rises on Monday, mirroring gains in global markets after U.S. President Donald Trump announced exemptions for consumer electronics from newly imposed “reciprocal” tariffs, lifting overall risk appetite.

Stocks in the U.S. rose last Friday, following the White House’s comments that Trump is “optimistic” that China will seek a deal with the U.S.