Gulf capital markets slump as Iran conflict roils region
Stock markets across the Gulf region opened to a jittery start on Sunday in first signs that the Iran-US conflict has impacted regional financial markets.
Saudi’s Tadawul All Share Index (TASI) plunged roughly 4.8% at the open on Sunday, hitting a 35-month low before paring more than half of its loss, closing 2.18% lower.
The benchmark index of Muscat Exchange fell 103.18 points from its previous day's close of 7393.37, amid a regional sell-off triggered by mounting tensions.
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