Unprecedented Iranian Attack on Israel Causes Brief Dip in Gulf Markets, but Recovers by End of Session

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. The UAE’s markets remained closed for an extended holiday, while the Qatari index fell by 0.64% and the Bahraini index stabilized.

Specifically in the Saudi 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, the Stock Exchange closed with a general index decline of 0.98%, while in Oman, the Muscat Stock Exchange showed a slight increase. Outside of the Gulf markets, the Jordanian Stock Exchange closed with a 0.5% increase.

Overall, investors monitored