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Most Gulf stock markets fell at the close of trading on Sunday amid investor concerns about a renewed military confrontation between the United States and Iran. The Saudi and Kuwaiti indices each dropped 0.8%, while Muscat fell 0.73% and Bahrain 0.6%. The Qatar Stock Exchange bucked the trend, rising 4.6%—its biggest daily gain in more than eight years—supported by the reaffirmation of the country’s sovereign credit rating and QatarEnergy’s efforts to secure gas supplies. Outside the Gulf, Egypt’s EGX 30 fell 1.7% after the central bank raised interest rates by 100 basis points.
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