All articles tagged with #gulf markets
Markets in the Middle East mostly rose after the U.S. struck Iranian nuclear sites, with Israel reaching record highs and regional markets like Egypt and Qatar gaining, while oil prices remain volatile due to geopolitical tensions and concerns over the Strait of Hormuz.
Most Gulf stock markets rose despite escalating tensions following US strikes on Iran's nuclear sites, with investors seemingly expecting a quick resolution and not fearing immediate regional spread, although some countries prepared for potential escalation.
Most Gulf markets ended lower due to falling oil prices, with Qatar's index dropping 0.7% and Egypt's blue-chip index declining 0.8%. However, Saudi Arabia's benchmark index edged 0.1% higher. The market is also awaiting Saudi Arabia's decision on extending its additional 1 million barrel per day voluntary production cut.