Major Gulf stocks subdued ahead of potential US-Iran UN talks
Major Gulf stock indices traded subdued on Tuesday as cautious investors awaited potential US-Iran developments at the United Nations General Assembly. Market sentiment remained fragile following renewed threats exchanged between Washington and Tehran. Yemen's Iran-backed Houthis advanced near the strategic Red Sea coast amid persistent cross-border friction with Saudi Arabia. Saudi Arabia's benchmark index eased 0.1%, Saudi Aramco shares were down 0.3%. The Qatari benchmark declined 0.8%. Dubai's main gauge slipped 0.1% due to losses in blue-chip developer Emaar Properties, whereas the Abu
Sept 22 (Reuters) — Major Gulf stock indices traded subdued on Tuesday as cautious investors awaited potential US-Iran developments at the United Nations General Assembly. Market sentiment remained fragile following renewed threats exchanged between Washington and Tehran, prolonging a months-long stalemate that continues to pressure global energy dynamics and heighten regional tensions. Compounding these geopolitical risks, Yemen's Iran-backed Houthis advanced near the strategic Red Sea coast amid persistent cross-border friction with Saudi Arabia. 9% drop in Al Rajhi Bank.
Saudi civil defence lifted a security alert in the Najran region on Tuesday, confirming the threat had cleared amid ongoing hostilities with Yemen's Iran-backed Houthis. com, oil behemoth Saudi Aramco loaded approximately 14 million barrels of crude onto seven supertankers on Sunday, ramping up Gulf terminal exports after an attack disrupted its east-west pipeline to the Red Sea. 3%. 2% fall in Qatar Islamic Bank.
2% higher. Meanwhile, Emaar's Dubai hotels are currently averaging around 60% occupancy, and the developer expects a return to levels before the end of February, when the Iran war started, within the next 12 months, its founder and chairman told Reuters on Monday. com; +918061822788)