On June 24, 2025, Gulf financial markets surged due to a resurgence of investor confidence after a 12-day battle between Iran and Israel concluded with a truce mediated by the United States.<\/p>\n
Following US President Donald Trump’s declaration, which allayed fears of possible disruptions in the Middle East, a vital centre for the world’s oil supply, the price of gold and oil fell precipitously as risk appetite turned towards stocks.<\/p>\n
The major share index in Dubai saw its biggest intraday increase since December 2024, rising 3.4%. Leading developer Emaar Properties fuelled the boom with a 5.1% increase. Budget carrier Air Arabia had a 7.8% in<\/p>\n
Gains in financial heavyweights propelled a 2.3% increase in Saudi Arabia’s Tadawul index. Saudi National Bank gained 2.4%, while Al Rajhi Bank increased 2.0%. Leveraging the favourable atmosphere in the market, the freshly listed budget airline Flynas surged 7.5% to 80.20 riyals. SABIC Agri-Nutrients fell 1.2%, while Saudi Aramco deviated from the trend by dropping 1.5% as oil prices dropped.<\/p>\n
The benchmark index for Qatar increased 2.1% with the help of a 2.3% gain in Qatar Islamic Bank. On June 23, 2025, after a temporary stoppage due to an Iranian missile strike on a US air base in Qatar, which resulted in no casualties, Qatar’s civil aviation authority reopened its airspace, which was followed by the rally.<\/p>\n
Also Read:<\/strong><\/p>\n