Loyal Lovin readers can support Lovin so we can continue to share the stories of all amazing cities
Minimum custom amount to enter is AED 2
By donating, you agree to the Privacy Policy and Terms of Service
Gulf Stock Markets Bounce Back Strong Amid Rising Hostilities
The Gulf region faced uncertainty after the attack on the US base at Al Udeid in Qatar, compounded by escalating hostilities between Israel and Iran. Markets reacted with brief panic as concerns grew over potential disruptions to oil and gas supplies.
With airspace temporarily closed and fears of further escalation, instability seemed imminent. Despite this, Gulf stock markets showed strong resilience, quickly recovering. Oil prices surged to a five-month high, and supply chains remained largely unaffected. As markets stabilized, Qatar, Saudi Arabia, Kuwait, the UAE, Bahrain, and Oman saw solid gains.
Regional Markets Showed Resilience
As the dust settled, the major stock exchanges across the Gulf began to recover, showing an upward trend. Qatar’s market, for example, performed well with numerous companies posting gains. Similarly, Kuwait’s premium market experienced a notable rise. This strong recovery reflects the broader resilience of the Gulf markets in the face of initial uncertainty.
Recommended
5 Beaches you need to visit in Qatar to Escape the Heat
Weather Alert: Strong Winds and Choppy Seas Ahead Today
A New List Of Do’s And Dont’s Just Dropped For Qatar-Based Beach Goers!Ceasefire Brings Relief
Amid the rising hostilities, the announcement of a ceasefire between Israel and Iran provided much-needed relief to the region. Qatar welcomed the ceasefire agreement, with the Ministry of Foreign Affairs issuing an official statement expressing support for the truce. Qatar reaffirmed its commitment to peace and condemned any violations of its sovereignty, signaling a steadfast commitment to peace in the region.
View this post on Instagram
Lovin Doha Newsletter 