Gulf stocks drop as poor earnings and U.S. tariffs shake investor confidence
Description
Stocks in the Gulf dropped Sunday as investors responded to poor earnings and fresh economic pressure from the United States, according to data from Reuters. Every major Gulf index except Egypt closed in the red. Saudi Arabia and Qatar led the declines, while Egypt was the only one to show a gain. The sell-off was driven by a combination of disappointing quarterly numbers from top Gulf companies and a growing sense of uncertainty coming from Washington, as President Donald Trump rolled out a new...
$OP
$0.6479
+3.12%
Latest News
- Tariffs hit India after oil and arms trade with Russia2025-08-03 17:34:10
- Top 3 Meme Coins to Watch on Top 3 Meme Coins to Watch on2025-08-03 16:54:53
- BONK Faces Pressure From PUMP Token In Race To Be Solana’s Top Meme Coin Launchpad2025-08-03 16:54:27
- Investors Eye $1 Potential as Mutuum Finance (MUTM) Nears Sellout While Bitcoin (BTC) Struggles to Hold $118K2025-08-03 16:30:24
- Crypto market cools in August after ETF-driven summer rally2025-08-03 16:13:13