Gulf and Arab markets are experiencing mixed performance during trading on Thursday, amid geopolitical pressures stemming from escalating tensions between the US and Iran. This follows Iran's targeting of several commercial vessels and oil tankers in the Strait of Hormuz, a US response targeting Iranian military sites, and Tehran's subsequent retaliation by targeting several Gulf states.
Egyptian Stock Exchange Opening
Egyptian indices saw gains across the board at the start of Thursday's session, with the EGX30 rising by less than 0.1% and continuing to trade above the 52,000-point mark.
Opening of the Saudi market
The Saudi market opened mixed on Thursday, with the Tadawul All Share Index (TASI) declining 0.2%.
Opening of the Qatar Stock Exchange
The Qatar Stock Exchange opened in the red on Thursday, with the index falling to 10,127 points.
Opening of UAE and Kuwaiti markets
Kuwaiti indices opened mixed at the start of the last trading session of the week, with the main index continuing to trade below 9100 points.
UAE markets saw a collective decline at the start of the session, with the Dubai Financial Market index falling below 6,000 points.
