الوئام
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Source: الوئام
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Most Gulf stock markets declined on Thursday due to escalating tensions in the Middle East, especially with the intensification of the confrontation between the United States and Iran and concerns over the potential impact on shipping traffic through the Bab al-Mandeb Strait, which threatens global supply chains and trade. The Saudi market rose by 0.43%, closing July with continuous losses for the fourth consecutive month, marking the longest monthly decline since May 2025. Meanwhile, other market indicators declined, such as Dubai's market with a decrease of less than 0.1%, and Qatar's stock exchange fell below the 10,000-point level. The Kuwait Stock Exchange outperformed others with a 3% increase. The tensions heightened concerns about maritime security following US military strikes on Iranian targets, reflecting the escalation of geopolitical tensions and their impact on investor confidence.
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