Gulf Bourses Gain Despite Stalled Iran Talks, High Oil Prices

Most Gulf stock markets advanced Sunday despite ongoing regional uncertainty and stalled Iran peace talks, as oil tanker traffic through the strategic Strait of Hormuz has yet to fully resume. US President Trump warned of persistently high fuel prices due to the war, with Brent crude futures settling at USD88.52 a barrel. Saudi Arabia's benchmark index gained 0.9%, led by Al Rajhi Bank and Saudi Aramco. Continued geopolitical tensions and high crude oil prices could support safe-haven gold demand and put upward pressure on Pakistan's import bill and the USD/PKR rate.

بحوالہ / Source: www.brecorder.com