The seizure on the transactions pushes the Arab stock exchanges to rise despite the ongoing tension
Today, Monday, the Arab stock markets carried some of the losses they made after the explosion of the military conflict between Israel and Iran, amid investors’ demand to seize transactions, thanks to an improvement in the morale supported by high oil prices. The indicators were highly closed on Abu Dhabi, Dubai, Kuwait and Qatar stock exchanges, after the shares reached attractive levels during the recent haven, but analysts warn that the height may be short -term, given the ongoing military escalation in the oil -rich area, which can lead to a consequences that affect the RU market. The mutual air strikes between Israel and Iran entered its fourth day without any signs of calm, while the fear of the possibility that Tehran is trying to close the street of the hormuz, the important course of energy supplies from the Middle East. Iran has introduced several waves of drones and missiles during the past twenty hours, while Israel targeted Tehran and killed another prominent military official. ABD Rabbu Zaidan, head of research and studies in the ‘financial number gate’, is at an attractive level, and believes that the price levels in the Saudi stock market are currently ‘attractive’ with a decrease in duplicate and improving the percentage returns on stocks. Mary Salem, the financial analyst in “Al Sharq”, says that the markets are currently seeing ‘speculative’ operations by individual investors to leverage opportunities, and perhaps to concentrate in some businesses with strong basic factors, especially on the Kuwait and Qatar stock exchanges. “The image is still vague, and I see that the current heights are not sustainable, because investors still have an element of fear and uncertainty about the future direction,” she said. Arab markets have been suffering from stock markets in the Middle East, as it has recorded a weaker performance than global markets since the beginning of the year, influenced by the fluctuations of oil prices and geopolitical uncertainty, according to “Bloomberg”. The latest military escalation has come to bring the hope to reach a quick end to the hostilities in the region after a war war in other regions such as Gaza and Lebanon. The main concern of investors is still centered on oil supplies and prices, amid concerns about the exposition of Iranian oil supplies and the risks surrounding the street of hormuz after Israel targeted the Iranian oil and gas sector with attacks on the field “Southern pars” and oil installations. Ahmed Selim, an investment manager at ‘Bayader Investment’, said during an interview with ‘Al -Sharq’ that there is no fear of oil demand, especially not from India and China, while OPEC is expected to intervene to compensate for any shortage of Iranian stocks. It is not yet clear whether Tehran is considering radical options, such as attacking oil tankers in the street of hormuz, making producers from the Middle East to one fifth of the global daily production. However, a member of the National Security and Foreign Policy Committee of the Iranian Parliament, Ismail Kothari, said on Saturday that Tehran is considering the closure of the street of hormuz, and that it will make the appropriate decision in this regard “with all firmness,” according to official media. The Israeli attack on Iran jumped against oil prices at the end of last week, while Brent -Ruole reduced its profits to trade below $ 74 a barrel and the bets increased to climb into the oil stopping contract market. The performance of the Arab stock markets today, Monday: The first market index in Kuwait rose 1.4%, which compensated a few Sunday losses, which amounts to 3.9%. In the UAE, the “Fadax 15” index in the Abu Dhabi Securities market increased by 0.2%, while the Dubai Financial Market index rose 0.8%at the closure, the Qatar stock exchange index rose 1.7%, which made up some of the last session losses, which were 3.2%. The Muscat Market Index closed 0.7% at the end of today’s trade. The Saudi Tassi index rose 1.3% after closing with the rise of all sectors, except energy and healthcare. The Egyptian leadership index “EGX30” increased slightly at the end of the session.