Gulf Stocks Rise, Hopes for Reduced Tensions with Iran
Investor confidence in the Gulf stock market has increased. The US President has signaled a halt to new military action against Iran.
Translated from the Hindi original · translation AI-generated
Gulf stock markets closed at high levels on Sunday. The President of the United States emphasized the possibilities of reducing tensions with Iran, which has reassured investors. The benchmark index of Saudi Arabia rose by 1.1%, with most companies performing positively. Al Rajhi Bank recorded a gain of 3.1% and Saudi Aramco saw an increase of 0.4%. Additionally, National Medical Care reported a 17.6% increase in its quarterly profits, leading to an 8.1% rise in its shares.