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Red Leads Gulf Market Gain
The Gulf stock markets experienced a decline towards the end of the week amid ongoing political uncertainty and expectations of a diplomatic solution to end the war. The Tadawul index in Saudi Arabia dropped by 0.8% to reach 10,599 points, marking a fourth consecutive week of losses, despite a 0.6% rise in Aramco's share price. In the UAE, Qatar, and Muscat, stock indices generally fell, while the Kuwait Stock Exchange closed higher supported by gains across multiple sectors. The Bahrain index rose slightly, reflecting how markets are influenced by geopolitical developments and hopes for diplomatic efforts to resolve regional conflicts.
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