Iran said last week it would retaliate against Israel over an air strike that killed two senior commanders and five military advisers at its embassy compound in Damascus, raising the risk of further escalation of the conflict in the Middle East.
And closed Saudi index Down 0.3 percent after falling about 2 percent during the session. The shares of the National Bank of Saudi Arabia, the largest bank in the Kingdom, lost 3.3 percent of its value.
First Mills Company shares fell 1.4 percent, with the stock trading after the right to distribute cash dividends expired.
Contrary to the market trend, ACWA Power Renewable Energy Company shares jumped 6.7 percent, continuing to rise for the fifth session in a row.
On April 3, ACWA Power announced the start of partial commercial operations of the Syrdarya gas turbine station in Uzbekistan. Its share price rose today, Sunday, with the reopening of the market after its closure last week for the Eid al-Fitr holiday.
On the Qatar Stock Exchange, which also stopped on the occasion of Eid last week, the main stock index fell 0.8 percent, and most of the companies listed on it lost, including Qatar National Bank, which fell 1.2 percent.
And it was Israel On alert for an Iranian response to the consulate strike in Damascus since last week when Iran's Supreme Leader Ayatollah Ali Khamenei said Israel “must and will be punished” over the strike, which he described as amounting to a strike on Iranian territory.
Analysts said on Sunday that oil prices, a catalyst for financial markets in the Gulf, are expected to rise in trading tomorrow, Monday, after the attack launched by Iran on Israel last night, but further gains may depend on the way Israel chooses to respond.
