Regional Markets Mixed After Unprecedented Iranian Attack on Israel: A Market Report

On Sunday, Gulf markets saw 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 fell 0.3% with transactions totaling 6.28 billion riyals, after initially falling 1.8% in early trading. In the UAE, markets remained closed for an extended holiday while in Qatar, the index fell by 0.64% and Bahraini index stabilized.

Specifically in Saudi Arabia’s market, the index closed at 12,667 points, down 0.3% from the previous session. Some key stocks such as Al Rajhi Bank and Al Ahli Saudi saw declines while others like GIG and Atheeb Telecom experienced gains.

In Kuwait’s Stock Exchange, there was a general index decline of 0.98%, while Oman’s Muscat Stock Exchange showed a slight increase outside of Gulf markets; Jordanian Stock Exchange closed with a 0.5% increase overall.

Overall, mixed results were seen across different markets in the region on Sunday as investors monitored