The escalation of fighting in… LebanonAnd the war that has been going on for a year between Israel and the movement agitation In a sector GazaFears of the outbreak of a broader conflict in the Middle East.
The decline began in Gulf stock markets, after Iran launched missiles at… Israel On October 1, Israel vowed a response, for which it is currently considering options, potentially including targeting Iranian oil installations.
The Saudi benchmark index fell 0.3 percent, with Al Rajhi Bank shares falling 0.4 percent, and Saudi National Bank, the largest bank in the Kingdom, also falling 0.4 percent.
The shares of the Saudi oil giant also declined Aramco 0.2 percent.
Brent crude futures settled at $77.88 per barrel, after falling 4.6 percent upon settlement on Tuesday.
The main index in Dubai fell 0.2 percent, with Emaar Properties shares falling 0.6 percent, and Ajman Bank shares falling 1.7 percent.
In Abu Dhabi, the index fell 0.2 percent.
But the index in Qatar bucked the trend and rose 0.6 percent, supported by the performance of the stock Qatar National Bankwhich rose 1.1 percent.
Qatar National Bank achieved a net profit of 4.5 billion riyals ($1.23 billion) in the third quarter, an increase of 5.4 percent year-on-year, according to Reuters calculations, exceeding analysts’ estimates.
According to data from the London Stock Exchange Group, analysts expected quarterly profits of 3.9 billion riyals.
