Stock markets across the Gulf region closed lower on Wednesday, weighed down by fresh geopolitical escalation after the United States announced a new round of strikes on Iranian military positions.
The renewed hostilities have reignited concerns about supply chain disruptions and regional stability, prompting investors to reduce exposure to local equities.
1% in the session, reflecting cautious sentiment among traders.
Saudi Arabia's Tadawul All Share (TASI) index eased 0.1% in the session, reflecting cautious sentiment among traders.
While the decline was modest, the broad-based weakness across Gulf bourses signals that market participants are prioritizing risk-off positioning amid the deteriorating security environment.
The subdued trading activity suggests that investors are waiting for clearer signals on the trajectory of the conflict before committing to new positions.
This development marks a sharp reversal from earlier in the week, when Gulf equity markets had posted mixed gains on Monday following reports of significant progress in peace negotiations between Iran and the United States.