From Investing.com: 2024-04-14 05:10:12

Gulf markets show minor declines in response to Iran’s attack on Israeli territory. Saudi Arabia’s index falls 1.8%, Qatari index down 1.6%. Israel reports modest damage from the attack, keeping investors cautious about potential escalation. Oil futures rise to $90.45 amid concerns about Iran’s actions.

Gold hits record high above $2,400 as safe-haven demand persists. MSCI’s global share index reaches new highs since recent conflicts between Israel and Iran-backed groups. Saudi Arabia’s market rises 20% since Oct. 8, but Qatar’s index falls nearly 0.8% in the same period.

Kuwait’s market drops 0.9%, Oman’s index loses 0.2%, while Bahrain’s main index gains 0.9% on Sunday. Investors closely monitor developments in the region following Iran’s attack on Israeli territory. Risk premiums embedded in oil, gold, dollar, and bond prices reflect ongoing conflict concerns.



Read more at Investing.com: Gulf markets dip in sign of investor concern after Iran attacks Israel By Reuters