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- Qatar and China sign MoU to increase air transport rights
- Saudi Arabia reaffirms OPEC+ compliance as June crude supply hits 9.35 million bpd
- Trump hits Brazil with 50% tariff
- QSE index gains for third consecutive month in June, registers 5% increase
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10/07/2025 06:42 AST
Most stock markets in the Gulf reversed early losses to close higher on Wednesday as investors appeared unfazed by the latest tariff threats from US President Donald Trump.
Trump ramped up his trade offensive on Tuesday, announcing a 50 percent tariff on copper and renewed long-threatened levies on semiconductors and pharmaceuticals. He also reiterated plans to slap 10 percent tariffs on imports from Brazil, India, and other BRICS countries.
Saudi Arabia's benchmark index eased 0.1 percent, dragged down by a 3.1 percent slide in utilities heavyweight ACWA Power and a 0.9 percent decrease in oil giant Saudi Aramco.
In the UAE, Dubai's main index gained 0.7 percent, hitting a fresh 17-year high, lifted by a 3.6 percent rise in Emirates Central Cooling Systems Corp.
Emirates has signed a preliminary agreement with Crypto.com to accept payments through its platform.
The UAE continues to grow as a regional hub for crypto firms, with several enabling crypto payments for real estate, tuition, and transport.
Abu Dhabi index added 0.4 percent, posting its sixth straight session of gains.
Abu Dhabi National Insurance Co. advanced 6.4 percent following regulatory approval to open a branch in India.
Qatar's benchmark index closed flat.
Outside the Gulf, Egypt's blue-chip index, which traded after a session's break, finished 0.4 percent higher, with Commercial International Bank rising 0.6 percent higher.
Egypt's stock exchange suspended trading on Tuesday, citing ongoing disruptions affecting brokerage firms' ability to communicate efficiently across the trading system, after a fire broke out on Monday in a telecoms data center in Cairo.
Reuters
| Ticker | Price | Volume |
|---|
12/07/2025
The Qatar Stock Exchange (QSE) reported gains for the third consecutive month during June this year registering a quarterly gain of 5% during Q2 2025. The QE 20 index closed the month at 10,749.5 reg
The Peninsula
12/07/2025
Global stocks fell on Friday after US President Donald Trump ramped up his tariff war against Canada, leaving Europe squarely in the firing line, sparking a modest investor push into safe havens like
Reuters
11/07/2025
UAE retail investors are showing strong conviction in the long-term potential of electric vehicles and emerging tech, with new data from trading and investing platform eToro revealing significant Q2
Khaleej Times
10/07/2025
The Qatar Stock Exchange closed flat Wednesday despite buying interests in four of the seven sectors.
The domestic funds were increasingly net sellers as the 20-stock Qatar Index was down me
Gulf Times
10/07/2025
Saudi Arabia's Tadawul All Share Index dropped marginally on Wednesday, shedding 16.34 points or 0.14 percent to close at 11,277.73.
The total trading turnover of the benchmark index was SR
Arab News
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