Stock markets in the Gulf ended lower on Sunday in response to Friday's fall in oil prices.
Saudi Arabia's benchmark index (.TASI) edged 0.1% higher, ending two sessions of losses © Mena Today
Stock markets in the Gulf ended lower on Sunday in response to Friday's fall in oil prices, although the Saudi index bucked the trend to trade higher.
Oil - a catalyst for the Gulf's financial markets - fell on Friday as the release of some hostages in Gaza reduced the geopolitical risk premium.
In Qatar, the index (.QSI) dropped 0.7%, weighed down by a 1.5% fall in Qatar Islamic Bank (QISB.QA) and a 1.5% decrease in petrochemical maker Industries Qatar (IQCD.QA).
Outside the Gulf, Egypt's blue-chip index (.EGX30) declined 0.8%, with top lender Commercial International Bank (COMI.CA) losing 2%.
Saudi Arabia's benchmark index (.TASI) edged 0.1% higher, ending two sessions of losses, helped by a 1.2% rise in Elm Company (7203.SE).
Pedro Sanchez has once again chosen to place himself firmly on the wrong side of history, doubling down Wednesday on his refusal to support the U.S.-Israeli campaign against Iran, threatening the cohesion of NATO and exposing himself as the Western leader most willing to provide diplomatic cover for a theocratic regime that has spent decades sponsoring terrorism across the globe.
Cyprus said a suspect object had been detected close to Lebanese airspace on Wednesday, and a government source said two Greek F-16 fighter jets had been scrambled to intercept it.
Mojtaba Khamenei, son of Iran's late Supreme Leader, has survived the U.S. and Israeli airstrikes on Iran in which his father Ayatollah Ali Khamenei was killed, two Iranian sources told Reuters on Wednesday.
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