Gulf Markets Drop Amid Iran Conflict
Most of the Gulf stock markets experienced weekly declines despite recording gains during the early September sessions. This was due to escalating tensions between the United States and Iran at the beginning of the week, marking the seventh month of conflict. As a result, the markets in the UAE, Kuwait, and Qatar came under pressure. Although their indices temporarily rose supported by positive economic data, such as the growth of the non-oil private sector in Saudi Arabia and an increase in the Purchasing Managers' Index, the negative impact of the tensions continued to limit gains or deepen losses throughout the week.
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