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Mideast Bourses Sturdy after US Airstrike on Iran; Israeli Mkt Hits Record High
After the US military launched an airstrike on Iran's nuclear facilities last Saturday (21st), the Middle East stock markets, trading yesterday (22nd), remained largely intact;...
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Mideast Bourses Sturdy after US Airstrike on Iran; Israeli Mkt Hits Record High
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After the US military launched an airstrike on Iran's nuclear facilities last Saturday (21st), the Middle East stock markets, trading yesterday (22nd), remained largely intact; and the Saudi Arabian stock market was soft, while the Qatari and Kuwaiti stock markets advanced.

Market analysis suggested that the possibility of a US attack has already been priced in, and investors are hopeful for a quicker resolution to the military conflict between Israel and Iran, according to Reuters.

The Saudi Arabian Tadawul All Share Index dipped 0.3%, while the bourses in Bahrain, Qatar, and Kuwait hiked 0.2-0.4%. The TA-35 Index in Israel rose by 43 points or 1.5% at 2,871, once reaching an intraday record high of 2,891.

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