Gulf stock exchanges saw significant drops following an escalation in retaliatory air strikes between Iran and Israel. The conflict unnerved the region’s investors, prompting fears of disruptions to oil exports. Oil prices surged approximately 7% last week, triggering steep index losses—Saudi Arabia’s benchmark fell 1%, Qatar’s dropped 3.2%, and Kuwait plunged 4.6%. Egypt’s blue‑chip index declined 4.6%, marking its sharpest fall in more than a year
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