Most Gulf equities slipped yesterday as the US-Israeli war on Iran entered its third week with US President Donald Trump threatening further strikes on the Kharg Island oil export hub and Tehran vowing to intensify its response.
Saudi Arabia’s Tadawul All Share Index showed signs of resilience amid geopolitical turmoil, as it just marginally declined by 0.06 per cent or 6.64 points to close at 10,886.63.
The total trading turnover of the benchmark index stood at 2.97 billion riyals ($790 million), with 109 of the listed stocks advancing and 148 declining.
The kingdom’s parallel market Nomu edged up by 0.31pc to 22,438.82.
The MSCI Tadawul Index declined by 0.11pc to 1,475.18.
The best-performing stock on the main market was Saudi Pharmaceutical Industries and Medical Appliances Corp, as its share price increased by 8.11pc to 29.32 riyals.
The share price of Methanol Chemicals Co advanced by 7.38pc to 8.59 riyals.
Al Hassan Ghazi Ibrahim Shaker Co also saw its stock price climb by 7.15pc to 16.34 riyals.
Conversely, the share price of Modern Mills for Food Products Co declined by 5.38pc to 27.44 riyals.
The Qatari index declined by 0.24pc, while Oman’s Muscat Stock Exchange dropped by 0.45pc.
Boursa Kuwait’s premier market also eased by 0.08pc.
UAE equities were closed yesterday.
&uuid=(email))