Sept 26 Reuters Most major stock markets in the Gulf climbed in early trade on Thursday, in line with Asian shares, supported by news of aggressive economic stimulus from China, although geopolitical tensions in the region limited the upside.

China39;s central bank on Tuesday unveiled its biggest stimulus since the pandemic to pull the economy out of its deflationary funk and back towards the government39;s growth target.

Driving the optimism was an official readout from a meeting of China39;s politburo that said the country would deploy necessary fiscal spending to meet this year39;s economic growth target of roughly 5.

Saudi Arabia39;s benchmark index gained 0.3, with ACWA Power Company advancing 6.7 and Saudi Arabian Mining Company rising 1.4.

Shares of oil giant Saudi Aramco eased 0.4.

Oil prices a catalyst for the Gulf39;s financial markets  slumped on news that Saudi Arabia, the world39;s biggest crude exporter, will give up on its price target in preparation for raising output.

The kingdom is preparing to abandon its unofficial price target of 100 a barrel for crude as it prepares to increase output, the Financial Times reported, citing people familiar with the matter.

Dubai39;s main share index gained 0.5, with Parkin Company, which oversees public parking operations, rising 5.9.

In Abu Dhabi, the benchmark index fell 0.4.

Lebanese Prime Minister Najib Mikati has expressed hope that a ceasefire can be reached soon to end fighting between Israel and…