Arab markets ignored renewed clashes between the US and Iran on Sunday, after Tehran closed the Strait of Hormuz, and most Arab indices settled in the green zone at the start of trading on the first session of the week.
Iran announced early Sunday morning that it was closing the Strait of Hormuz until further notice, after firing warning shots at a ship it said had tried to pass through an unauthorized route.
For its part, the US Central Command announced that it had launched strikes against Iran in response to the closure of the Strait of Hormuz, and Tehran responded by targeting countries in the region.
Opening of the Egyptian Stock Exchange
Egyptian indices saw collective gains at the start of Sunday's session, with the EGX30 index approaching the 5250 point level.
Saudi market opening
Saudi indices are green at the start of trading on Sunday, with the Tadawul All Share Index (TASI) rising marginally to 10,820 points.
Opening of the Qatar Stock Exchange
Escalating tensions in the Middle East are putting pressure on the Qatar Stock Exchange at the start of the week's trading session.
Kuwait Stock Exchange Opening
Kuwaiti indices begin the week's session with gains, and the Kuwait Premier Index rises marginally above the 9100 point level.
