Analyst: Most Gulf stock markets decline, weighed down by concerns over war with Iran

Analysts say that as renewed tensions between the US and Iran keep investors cautious, most Gulf region stock markets closed lower. Naeem Aslam of Zaye Capital Markets noted that despite global earnings providing support and positive sentiment around artificial intelligence (AI), risks related to oil, inflation, and Iran continue to undermine market sentiment in the region. On Monday, the Qatar QE Index closed down 1.1%, the Saudi Arabia TASI Index fell 0.6%, and the Abu Dhabi benchmark index dropped 0.5%. The Dubai Financial Market General Index rose 0.3%.