Most Gulf markets subdued on regional tensions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 03 2024
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Should l Buy ?
Source: Reuters
Gulf Stock Market Reactions: Gulf stock markets were mostly subdued amid concerns over a potential Iranian retaliatory strike on Israel, with Saudi Arabia's index slightly rising due to gains in ACWA Power and MBC Group, while Qatar's index fell due to losses in Qatar National Bank.
Egypt's Economic Developments: Egypt's blue-chip index saw a modest gain as the International Monetary Fund prepares to review the country's loan program, highlighted by remarks from Prime Minister Mostafa Madbouly.
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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.
