Gulf Stocks Close Mixed as Renewed US-Iran Tensions Weigh on Sentiment

Stock markets across the Gulf Cooperation Council (GCC) closed mixed on Tuesday, as renewed military threats between the United States and Iran weighed on investor sentiment, while a jump in oil prices helped lift Qatar's bourse.

Geopolitical Tensions Resurface

The cautious mood in the region followed a statement from U.S. President Donald Trump on Monday threatening further strikes against Iran, marking the first direct military exchange in a month. The development raised investor concerns over regional stability, shifting focus back toward potential conflict after a period of economic confrontation. Iran stated on Tuesday it would respond in kind to any U.S. action, according to reports.

Regional Bourses React

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Most major Gulf equity markets traded lower amid the heightened geopolitical risk, with the notable exception of Qatar, which benefited from the resulting surge in crude oil prices.

• Saudi Arabia's benchmark index (TASI) fell 0.2%, pressured by losses in the financial and real estate sectors. Saudi National Bank, the kingdom's largest lender, dropped 1.1%, and Dar Al Arkan Real Estate Development slid 1.6%. In a company-specific move, Al Moammar Information Systems surged 7.2% after announcing two purchase orders valued at a combined $80.3 million.
• In the United Arab Emirates, Abu Dhabi's benchmark index lost 0.3%. First Abu Dhabi Bank, the UAE's largest lender, declined 1.8%, while Alpha Dhabi Holding slipped 0.9%. Dubai's main index finished nearly flat, with a 4.2% drop in Emirates Integrated Telecommunications offsetting a 2.8% gain in toll operator Salik.
• Qatar's benchmark index bucked the trend, ending a two-day losing streak with a 0.5% gain. The advance was supported by higher energy prices, which directly benefit the nation's economy. Qatar Fuel Company climbed 4.1%, and Qatar National Bank, the region's largest lender, added 1.1%.