Middle Eastern stock markets declined
Istanbul, October 23 (Hibya) - Middle Eastern stock markets faced selling pressure amid attacks by Yemen's Houthis against Saudi Arabia and concerns that regional conflicts could spread. Saudi Arabia's stock market fell 2.3 percent, while Egypt's stock market declined 3.4 percent.
Middle Eastern stock markets ended Thursday, October 22, mostly lower. Escalating geopolitical tensions in the region and increasing risks to energy trade prompted investors to adopt a cautious approach.
Saudi Arabia's Tadawul Index fell 2.3 percent, heading for its steepest weekly loss in more than two years. Stock market indices in Dubai and Abu Dhabi declined 0.7 percent, while Qatar's stock market dropped 0.3 percent. Egypt's EGX 30 Index lost 3.4 percent, recording its sharpest intraday decline since June 2025.
Shares of Saudi National Bank, Saudi Arabia's largest bank by assets, fell 5.1 percent, while Saudi Aramco shares declined 0.7 percent. In Dubai, Emirates NBD shares dropped 2.9 percent.
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