Gulf stocks slide; QE Index down 2.2% amid bank weakness
The QE Index fell 2.2% while Dubai, Abu Dhabi and Saudi indexes each declined about 1.6%, led by sharp drops in major banks.
2%. 6%. 6%. The selloff comes as investors assess third-quarter earnings and the outlook for regional equities.
33 billion from GCC stocks in 3Q, the largest quarterly outflow since 2019, Iridium Advisors says. The firm says investors are likely to focus on whether companies can maintain their 2026 earnings guidance amid higher interest rates and prolonged regional disruption. com) (END) Dow Jones Newswires October 08, 2026 13:43 ET (17:43 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters.
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