Arab Markets: Mixed Performance Amid the Trade War

Arab financial markets showed mixed performance on Sunday, April 13, 2025, influenced by global market fluctuations and escalating trade tensions between the United States and China.

Saudi Market: The Saudi market index "TASI" continued its rise for the third consecutive session, recording 11,599.88 points, up by 0.85%. The market was positively impacted by rising oil prices and the increase in shares of major companies such as "Al Rajhi," "SABIC," and "Saudi Telecom." However, "Aramco" shares saw a slight decline of 0.4%, reaching 25.9 riyals.

Egyptian Market: The EGX 30 index recorded a slight increase of 0.05%, reaching 30,825.80 points. The Egyptian Stock Exchange announced the suspension of trading on 7 stocks for 10 minutes after they exceeded a 5% increase or decrease, reflecting notable activity in the market.

Other Markets:

Bahrain: The Bahrain General Index decreased by 0.31%, reaching 1,951.36 points.

Kuwait: The Kuwait Premier Index rose by 0.01%, reaching 8,674.72 points.

Qatar: The Qatar Stock Exchange Index increased by 0.05%, reaching 10,094.84 points.

The trade war between China and the U.S. has raised concerns about a global economic slowdown, negatively impacting oil demand. On the other hand, earnings reports from major banks showed positive performance, with JPMorgan, Morgan Stanley, and Wells Fargo exceeding expectations, boosting investor sentiment.

As for gold prices globally, they saw a significant rise, with the yellow metal surpassing $3,200 per ounce, driven by a weaker dollar and the escalating trade war between the U.S. and China, prompting investors to seek a safe haven.

These developments reflect a cautious and watchful mood among investors in Arab financial markets, with the ongoing impact of the trade war on the region's economic and commercial performance.