Manzer Hussain

1 month ago | zawya.com | Manzer Hussain

Saudi stocks performed the worst in a declining Gulf market on Sunday following the latest tariff threat by the U.S. President on European Union goods, while Israel's latest assault on Gaza kept the region on edge. Trump's statement on Truth Social on Friday that he is recommending a 50% tariff from June 1 on all EU goods sent global markets roiling.

Jan 14, 2025 | zawya.com | Manzer Hussain

The Qatar stock index led most Gulf equities higher on Tuesday as hopes for a Gaza ceasefire rose after mediators reported a "breakthrough" in Doha talks. Negotiators were hoping to finalise details of a plan to end the war in Gaza, after U.S. President Joe Biden indicated a ceasefire and hostage release deal was imminent. The Qatari benchmark index <.QSI> snapped a three-session losing streak with a rise of 1.6%, its biggest daily gain in over two months with almost all its shares higher.

Jan 14, 2025 | gurutrade.com | Manzer Hussain |Shinjini Ganguli

Jan 14 (Reuters) - Most stock markets in the Gulf were up in early trading on Tuesday as the hopes for a Gaza ceasefire rose after the mediators reported a midnight 'breakthrough' in Doha talks. Negotiators will meet in Doha on Tuesday seeking to finalise details of a plan to end the war in Gaza that has upended the Middle East. The Qatari benchmark index snapped its three-session losing streak and jumped 1.2%, the highest in over two months with almost all stocks posting gains.

Nov 20, 2024 | zawya.com | Manzer Hussain

Most stock markets in the Gulf were muted in early trading on Thursday as investors turned cautious as geopolitical tensions intensified. Ukraine's air force said on Thursday that Russia had launched an intercontinental ballistic missile from Astrakhan region during a morning attack. Dubai's benchmark stock index .DFMGI slipped 1.1% - after it rose to its highest in more than 10 years in the last session - with almost all sectors in the red.

Nov 17, 2024 | zawya.com | Manzer Hussain

Most stock markets in the Gulf rose in the early trading on Monday, tracking higher oil prices after fighting between Russia and Ukraine escalated over the weekend. Oil prices, a catalyst for the Gulf's financial markets, edged up, with Brent LCOc1 trading 0.5% higher at $71.36 a barrel by 0810 GMT. Russia unleashed its largest air strike on Ukraine in almost three months on Sunday, causing severe damage to the country's power system.