Gulf bourses mixed on Iran-US standoff, Saudi index rises 0.8%
Saudi Arabia's benchmark index gained 0.8%; Qatar fell 0.3% and Egypt dropped 1.4%.
By Ateeq Shariff Sept 27 (Reuters) — Gulf stock markets ended mixed on Sunday after US President Donald Trump rejected an Iranian peace blueprint aimed at ending hostilities and reopening the vital Strait of Hormuz. While Tehran maintained that diplomacy remains the only viable resolution to its conflict with the United States and Israel, Iran's military leadership warned that its armed forces stand fully prepared for any renewed American strikes. 8%, buoyed by strong financial sector performance. Heavyweight lenders anchored the gains.
3%, despite weekend reports that the Saudi-led coalition had intercepted ballistic missiles and drones launched toward the kingdom by Yemen's Iran-backed Houthis. 3%, weighed down by a 1% retreat in telecom operator Ooredoo. 7% fall in tobacco monopoly Eastern Company. com; +918061822788)