AIRLINK 179.80 Decreased By ▼ -0.56 (-0.31%)
BOP 11.13 Decreased By ▼ -0.04 (-0.36%)
CNERGY 8.52 Decreased By ▼ -0.01 (-0.12%)
CPHL 97.62 Decreased By ▼ -2.79 (-2.78%)
FCCL 45.97 Increased By ▲ 0.01 (0.02%)
FFL 16.12 Increased By ▲ 0.31 (1.96%)
FLYNG 28.00 Increased By ▲ 0.11 (0.39%)
HUBC 143.41 Increased By ▲ 0.94 (0.66%)
HUMNL 13.01 No Change ▼ 0.00 (0%)
KEL 4.52 No Change ▼ 0.00 (0%)
KOSM 5.91 Increased By ▲ 0.07 (1.2%)
MLCF 61.90 No Change ▼ 0.00 (0%)
OGDC 212.90 Decreased By ▼ -1.42 (-0.66%)
PACE 5.89 Decreased By ▼ -0.03 (-0.51%)
PAEL 46.50 Decreased By ▼ -0.33 (-0.7%)
PIAHCLA 17.61 Decreased By ▼ -0.23 (-1.29%)
PIBTL 10.68 Increased By ▲ 0.06 (0.56%)
POWER 12.14 Decreased By ▼ -0.03 (-0.25%)
PPL 170.50 Decreased By ▼ -2.21 (-1.28%)
PRL 35.17 Decreased By ▼ -0.85 (-2.36%)
PTC 23.08 Decreased By ▼ -0.18 (-0.77%)
SEARL 95.18 Decreased By ▼ -0.88 (-0.92%)
SSGC 40.65 Decreased By ▼ -0.69 (-1.67%)
SYM 14.28 Decreased By ▼ -0.16 (-1.11%)
TELE 7.41 Increased By ▲ 0.03 (0.41%)
TPLP 10.21 Increased By ▲ 0.13 (1.29%)
TRG 67.57 Decreased By ▼ -0.33 (-0.49%)
WAVESAPP 9.99 Decreased By ▼ -0.01 (-0.1%)
WTL 1.32 Decreased By ▼ -0.02 (-1.49%)
YOUW 3.83 Increased By ▲ 0.02 (0.52%)
AIRLINK 179.80 Decreased By ▼ -0.56 (-0.31%)
BOP 11.13 Decreased By ▼ -0.04 (-0.36%)
CNERGY 8.52 Decreased By ▼ -0.01 (-0.12%)
CPHL 97.62 Decreased By ▼ -2.79 (-2.78%)
FCCL 45.97 Increased By ▲ 0.01 (0.02%)
FFL 16.12 Increased By ▲ 0.31 (1.96%)
FLYNG 28.00 Increased By ▲ 0.11 (0.39%)
HUBC 143.41 Increased By ▲ 0.94 (0.66%)
HUMNL 13.01 No Change ▼ 0.00 (0%)
KEL 4.52 No Change ▼ 0.00 (0%)
KOSM 5.91 Increased By ▲ 0.07 (1.2%)
MLCF 61.90 No Change ▼ 0.00 (0%)
OGDC 212.90 Decreased By ▼ -1.42 (-0.66%)
PACE 5.89 Decreased By ▼ -0.03 (-0.51%)
PAEL 46.50 Decreased By ▼ -0.33 (-0.7%)
PIAHCLA 17.61 Decreased By ▼ -0.23 (-1.29%)
PIBTL 10.68 Increased By ▲ 0.06 (0.56%)
POWER 12.14 Decreased By ▼ -0.03 (-0.25%)
PPL 170.50 Decreased By ▼ -2.21 (-1.28%)
PRL 35.17 Decreased By ▼ -0.85 (-2.36%)
PTC 23.08 Decreased By ▼ -0.18 (-0.77%)
SEARL 95.18 Decreased By ▼ -0.88 (-0.92%)
SSGC 40.65 Decreased By ▼ -0.69 (-1.67%)
SYM 14.28 Decreased By ▼ -0.16 (-1.11%)
TELE 7.41 Increased By ▲ 0.03 (0.41%)
TPLP 10.21 Increased By ▲ 0.13 (1.29%)
TRG 67.57 Decreased By ▼ -0.33 (-0.49%)
WAVESAPP 9.99 Decreased By ▼ -0.01 (-0.1%)
WTL 1.32 Decreased By ▼ -0.02 (-1.49%)
YOUW 3.83 Increased By ▲ 0.02 (0.52%)
BR100 12,502 Increased By 21.5 (0.17%)
BR30 37,864 Decreased By -143.8 (-0.38%)
KSE100 117,009 Increased By 233.1 (0.2%)
KSE30 35,953 Increased By 103.7 (0.29%)

Most stock markets in the Gulf edged higher in early trade on Tuesday, recovering some of their recent losses triggered by worries the region could be on the brink of a broader Middle East war.

Fighting in the region intensified after Iran-backed Hezbollah fired rockets at Israel’s third-largest city, Haifa, and Israel looked poised to expand its offensive into Lebanon, a year after the Hamas attack that sparked Israel’s ongoing war in Gaza.

The downturn in Gulf markets began after Iran launched a missile barrage on Israel on Oct. 1.

Israel has sworn to retaliate and is weighing its options, with Iran’s oil facilities considered a possible target.

Saudi Arabia’s benchmark index gained 0.3%, with ACWA Power Co climbing 1.8% and the country’s biggest lender, Saudi National Bank, rising 0.7%.

Most Gulf markets fall as geopolitical tensions in region climb

Elsewhere, Arabian Mills For Food Products Co jumped 10% to 72.6 riyals in its trading debut.

Iran’s Foreign Minister Abbas Araqchi will visit Saudi Arabia and other Middle East countries starting on Tuesday to discuss regional issues and work on stopping Israel’s “crimes” in Gaza and Lebanon, Iran’s state media reported. Dubai’s main share index added 0.3%, supported by a 1.7% gain in toll operator Salik Company.

In Abu Dhabi, the index was up 0.3%.

The Qatari benchmark rose 0.2%, led by a 0.5% rise in the Gulf’s biggest lender Qatar National Bank.

Comments

Comments are closed.