Economy Country October 27, 2024

Gulf Stocks Surge Over 1.5% Amid Regional Calm

Stocks in the Gulf Cooperation Council countries rose more than 1.5% on Sunday in the first trading session of the week, signaling signs of easing tensions in the region.


Gulf Stocks Surge Over 1.5% Amid Regional Calm

Actions in the countries of the Soviet Union of cooperation with Arab states of the Persian Gulf increased on Monday at the first session of the week by more than 1.5%, against the backdrop of stabilization in the region.

Experts note that this increase on the exchanges is linked to hopes for the easing of geopolitical tensions, which had affected the markets in the previous weeks. This positive movement is driven by improved global economic indicators, which also seem to have an impact. Moreover, investors are making decisions based on positive financial reports from companies and news about vaccination against coronavirus, for which they are ready to invest in stocks.

"This is an important signal for the market that can become a starting point for further growth," analysts say, commenting on the current situation.