The stock markets in the Gulf region ended trading – today, Sunday, at a decline at a time when the exchange of attacks between Israel and Iran has increased, which increased fears of a broader conflict in The Middle East.
Israel said it had targeted Iranian nuclear facilities and factories Palceolic missiles And military leaders in strikes began on Friday and indicated that this is the beginning of a long operation to prevent Tehran It is made a nuclear weapon.
Iran responded by launching attacks on Israel And the cancellation of talks that were scheduled – Sunday – with US Regarding the nuclear file, despite saying Washington This is the only way to stop Israeli attacks.
Saudi Arabia
The Saudi index ended the trades on a decline of 1% with the decline in shares in various sectors, with pressure from a 1.5% decline in Al -Rajhi Bank share and 3.1% in the share of the Saudi National Bank.
But Aramco’s shares violated the general trend and rose 1.8%.
On Friday, oil prices jumped by 7% when settling with Israel and Iran exchange of air strikes, which strengthened investor concerns that this will hinder oil exports from the Middle East on a large scale.
And Israel launched a late Saturday evening attacks on an energy infrastructure in Iran, which included an facility at the sea in the southern Pars field, which it shares. Iran With Qatar, a source of most of its gas production, which increased concerns about the disruption of the region’s energy exports.
Qatar
The Qatari index fell 3.2%, with all the shares listed on it, including the largest banks of the Gulf region, is a bank Qatar The national, which ended trading, decreased by 4.2%, and Qatar’s shares for gas tankers (carriers) fell 3.3%.
Kuwait
The Kuwaiti index also fell 4.6%, with a 3.7% Kuwaiti Finance House shares.
Jazeera Airways shares fell 18.4%, while airlines avoided air field over most of the countries of the region.
Bahrain and Oman
- Bahrain index fell 0.8%
- Sultanate’s index fell Oman 0.9%.
And outside the Gulf region
The Egyptian leadership index witnessed a decrease of 4.6% in the largest decline in about 14 months, under pressure from the arrow of the Commercial International Bank 4.3% and 12.4% in the share of the EFG Holding Group.