Gulf markets saw strong gains during Wednesday's session, after US President Donald Trump announced a two-week ceasefire with Iran, less than two hours before the deadline he set for Tehran to reopen the Strait of Hormuz or face devastating attacks on civilian infrastructure.
The Saudi index added about 200 points, approaching the 11,300-point level, while the Qatar Stock Exchange index rose to its highest level in a month.
The Kuwait Premier Index recorded its largest daily gain since September 8, 2025, trading at its highest level since February 18, 2026.
The Dubai stock market index reached its highest level since March 10, 2026, before paring gains to 6.3% by midday, marking its biggest daily rise in six years. In Abu Dhabi, the FTSE index recorded its largest daily gain since October 2022.
Opening of the Saudi market
The Saudi market rose by about 2% at the start of trading on Wednesday, following the announcement of an agreement between America and Iran under which a ceasefire will be in place for two weeks. The Tadawul All Share Index (TASI) surpassed 11,300 points.
Qatar Stock Exchange Opening
Qatar's stock exchange rose 4% at the start of Wednesday's session as the US and Iran reached an agreement for a two-week ceasefire. The index stood at 10,700 points.
Opening of the Kuwait Stock Exchange and UAE markets
Following the announcement of a two-week ceasefire between Iran and the United States:
UAE markets jump with gains exceeding 6% for the Dubai market and more than 3.5% for Abu Dhabi.
Kuwaiti indices see collective gains, with the first index approaching 9300 points.
