{
  "id": 19164980,
  "title": "Gulf markets gain on hopes Iran strikes will stay off the table",
  "url": "https://urgent.news/2026/11/09/gulf-markets-gain-on-hopes-iran-strikes-will-stay-off-the-table",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-09T13:50:58.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40448128/gulf-markets-gain-on-hopes-iran-strikes-will-stay-off-the-table"
  },
  "original_language": "en",
  "account": "Gulf markets experienced a surge on Monday, buoyed by the prospect that Iran would refrain from launching any new strikes in the region, as long as ongoing talks persisted. This sentiment was a stark contrast to the eight-month conflict that had previously dominated the area. President Donald Trump's remarks, which followed reports of shipping attacks in or near the Strait of Hormuz, provided a sense of relief across the region. Despite Trump's earlier hints of renewed attacks post-midterm elections, no large-scale military operations had transpired, leaving Tehran to threaten retaliation against US and Israeli targets.\n\nSaudi Arabia's benchmark index saw a rise of 0.9%, with Al Rajhi Bank leading the gains at 1.9%, and Perfect Presentation For Commercial Services surging by 4.3% following a boost in its quarterly profits. In Dubai, the main share index climbed by 1%, while the blue-chip developer Emaar Properties made a 2.4% increase. Abu Dhabi's index also saw a 1% increase.\n\nWhile the disruption in shipping through the Strait of Hormuz continued to pose challenges, strong regional economic data kept investors optimistic. Daniel Takieddine, Co-founder and CEO of Sky Links Capital Group, attributed the market's resilience to the optimism stemming from the ongoing dialogues between Washington and Tehran. Anwar Gargash, a senior Emirati official, cautioned that a prolonged period of uncertainty might lie ahead, as achieving a comprehensive political deal between the two nations appeared unlikely. He emphasized the need to prepare for an uncertain future, where neither a decisive resolution nor a stable regional order could be guaranteed.\n\nThe Qatari index also saw an increase of 0.9%, propelled by a 1.5% rise in the Gulf's largest lender, Qatar National Bank. Outside the Gulf, Egypt's blue-chip index rose by 1.2%, with Telecom Egypt closing 3.3% higher. However, Abu Qir Fertilizers and Misr Fertilizers Production experienced declines, with the former falling by 2.7% and the latter by 2.6%. These declines were a result of a further 33% cut in gas supplies notified by Egypt to its fertilizer producers, reflecting the country's efforts to reduce reliance on expensive LNG imports.",
  "summary": "Gulf bourses closed mostly higher on Monday as US President Donald Trump’s signal that fresh Iran strikes are unlikely, provided talks continue, lifted sentiment across the region after an eight-month conflict. Trump’s remarks came despite reports from the US military and Iranian state media that shipping had been attacked in or near the Strait of Hormuz, a vital waterway that carried nearly a…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}