Khaberni - Reuters reported that the stock markets in the Gulf region declined today, Sunday, with investors considering the increasing tension between the United States and Iran.
The agency added that "the Qatari index for the second session in a row dropped by 0.6%, with most of its components falling, as the stock of Qatar National Bank fell 1.4%, and the stock of Qatar Gas Transport Company (Nakilat) also declined by 2%".
It also noted that "the Kuwaiti index fell by 0.5%, and likewise, both the Bahraini and Omani indices dropped by 0.1%".
Outside the Gulf region, "the index of leading stocks in Egypt dropped for the second consecutive session, losing 2.2% with nearly all of its stocks declining".
Additionally, the stock of the Commercial International Bank decreased by 2.2%, while the stock of Fawry for Banking Technology and Electronic Payments fell by 5.3%.
This comes at a time when investors are anticipating developments in the political scene and their potential implications on the energy markets and the regional economy.
Furthermore, last Thursday, US President Donald Trump stated that there would be "severe consequences" if Tehran does not reach an agreement to limit its nuclear program, setting a deadline ranging between 10 and 15 days.
