Turbulence in Gulf Markets: Initial Reaction to Iranian Attack on Israel

On Sunday, Gulf markets experienced a decline following an unprecedented Iranian attack on Israel. However, by the end of the trading session, the main indices showed a slight reduction in their sharp declines. The session was characterized by calm trading after the markets had been closed for the Eid al-Fitr holiday the previous week.

In Saudi Arabia, the TASI index closed down 0.3% with transactions totaling 6.28 billion riyals, after initially falling 1.8% in early trading. In contrast to Saudi Arabia and Kuwait, both UAE and Qatari markets remained closed for an extended holiday, while Bahraini markets stabilized.

Specifically in Saudi Arabia’s market, Al Rajhi Bank and Al Ahli Saudi saw declines of -0.29% and -0.15% respectively, while GIG experienced a gain of +0.35%. In Kuwait’s Stock Exchange, however, all stocks declined with a general index decline of -0.98%. Oman’s Muscat Stock Exchange showed a slight increase of 0.24%, while Jordan’s Stock Exchange closed with a 0.5% increase outside of Gulf markets.

Overall, investors closely monitored the impact of the Iranian attack on Israel and its potential repercussions on broader geopolitical landscape as well as global economic conditions during this period in time before making any investment decisions or trades.

It is important to note that these are only initial reports and there may be more details released later on regarding the events that led to these changes in market trends across different regions.

In conclusion, Sunday saw mixed results across different markets in Gulf region as well as other countries outside it due to various factors such as geopolitical tensions and global economic conditions that affected investors’ decisions and trades accordingly.