Golf markets descend jointly, amid an escalation between Washington and Tehran

Gulf’s financial markets began trading today on collective resorts, affected by the increase in tension between the United States and Iran, after Washington took precautions represented in the evacuation of some of its citizens from the region, who influenced the morale of investors in the markets. The most important Saudi stock market index fell by 1% with pressure from the leadership shares, and the Kuwait Stock Exchange fell 1.3% at the start of the trading, while the Dubai Financial Market index fell by 0.5%, and the Abu Dhabi Financial Market index recorded 0.65%. US movements include issuing orders to leave the non -basic employees of its embassy in Baghdad, as well as the departure of members of the military families from their bases in Bahrain and Kuwait, in light of the increasing fear of a possible military escalation in the region. US President Donald Trump said in statements on Wednesday that his country ‘will not’ allow Iran to have a nuclear weapon, while Iranian defense Minister Aziz Naseh replied by saying that Tehran would strike the US bases in the region if the core talks crashed and a conflict with Washington. “There are no other factors that currently affect the markets except for geopolitical events,” according to the financial analyst in the Eastern Economics, Mary Salem. She added that it is not clear that the markets will see any positive consequences. As for Majid Al -khaldi, the first financial analyst in the newspaper Al -iqtisadiya, he explained that the Saudi financial market is still going on a medium and near -ranking, as the contemporary session was an attempt to raise the profits that were 1%exceeded yesterday. He added that today’s performance reflects a continuous weakness that includes the banking sector and the leadership sectors, despite the success of the market in stability around 11,000 points. But with the escalation of geopolitical tension today, the General Index of the Saudi Market is expected to see a further decline, according to Al -khalidi.