Gulf markets rise as Iran plays down Israel's strikes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 27 2024
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Should l Buy ?
Source: Reuters
Gulf Stock Market Performance: Most Gulf stock markets rose on Sunday, with Saudi Arabia's index gaining 1.5% and Qatar's index also increasing by 1.5%, as tensions between Israel and Iran eased following limited damage from Israeli airstrikes.
Crude Prices and Diplomatic Talks: Analysts expect crude prices to fall due to the lack of disruption in energy supplies from the recent strikes, while U.S. and Israeli intelligence officials are set to meet in Doha to negotiate a new ceasefire deal for Gaza.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
