Most Gulf stock markets recorded weak performance on Sunday as investors assessed rising regional tensions following Iranian strikes targeting petrochemical facilities in the UAE, Kuwait, and Bahrain.
Geopolitical risks remained high after Washington announced rescuing a second pilot shot down over Iran, while U.S. President Donald Trump intensified his rhetoric.
Iran’s Revolutionary Guard said it targeted petrochemical plants in the UAE, Kuwait, and Bahrain, warning that attacks on U.S. economic interests would escalate.
In Qatar, the index fell 0.7%, with Qatar National Bank down 0.6% and Doha Bank dropping 6.9%.
Saudi Arabia’s main index closed flat after volatile trading, outperforming regional peers.
Kuwait’s index fell 0.4%, while Bahrain’s declined 0.5%.
