Arab markets react to Iran Hormuz truce
The Arab financial markets experienced a widespread rise in trading on Sunday, May 24, 2026, driven by optimism about reaching a comprehensive ceasefire agreement in Iran and the reopening of the Strait of Hormuz without restrictions. Gulf and Egyptian stock markets recorded strong gains, with the Qatar Stock Exchange index rising by 2.40% to reach 10,629.19 points, the main index of the Egyptian Stock Exchange increasing by 0.98% to 52,603.57 points, and the Tunis Stock Exchange index climbing by 1.38% to 17,197.16 points. The Dubai Financial Market also saw an increase of 0.60%, while the Saudi index rose by 0.38%. These gains are attributed to the prospects of decreasing global inflation and lower energy costs, which have boosted investors' risk appetite.
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