How Tensions in the Middle East Affected the Economy

Middle Eastern stock markets declined on Sunday amid tensions in the region and concerns about the escalation in Gaza. The Saudi market index fell by 2.4%, influenced by a 10% drop in the stock of Al-Tayseer Group for Aluminum Manufacturing and a 2.7% decrease in Al Rajhi Bank's stock. Among other losers was the oil giant Saudi Aramco, which dropped by 1.3%. The Qatari index also saw a 0.7% decline, with Industries Qatar's stock falling by 0.7%. Outside the Gulf region, the leading stock index in Egypt fell due to losses across all listed stocks, including a sharp 8% decline in "eFinance" for digital and financial investments.