Most Gulf Equity Markets Gain as Iran Risk Eases: Inside EM - Bloomberg:
Qatar led Middle Eastern equity markets higher on Sunday amid easing tension between the U.S. and Iran, reversing a negative trend that prevailed most of last week.
The QE Index rose 0.6% on Sunday in Doha, more than any regional peer. Saudi Arabia’s Tadawul All Share Index climbed as much as 0.7% before trimming some gains, with 80% of index members advancing and materials contributing the most to the increase. Benchmarks in Dubai, Abu Dhabi, Bahrain and Egypt also climbed.
Shares in the region caught up with an extension of gains for an index tracking emerging markets equities on Friday, as President Donald Trump backed away from the precipice of war with Iran following the Islamic Republic’s attacks on Iraqi bases where U.S. forces are stationed.
No comments:
Post a Comment