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بوابة الوسط
Gulf stocks advance on tension easing
The Gulf stock markets rose today, Sunday, after U.S. President Donald Trump indicated that the United States would not take any new military action against Iran, boosting investor sentiment. The Saudi index increased by 1.1%, with most stocks gaining, including Al Rajhi Bank by 3.1% and Aramco by 0.4%. Additionally, the markets in Qatar, Kuwait, Oman, and Bahrain experienced slight gains. Stock indices in Egypt also rose by 1.6%. Strong performances by companies such as Abu Qir Fertilizers and Alexandria Mineral Oils acted as stimulants, with the former doubling its profits by 109% in the first half of the year.
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