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Reading: Israeli, Saudi stocks down as Middle East conflict worsens
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Home » Blog » Israeli, Saudi stocks down as Middle East conflict worsens
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Israeli, Saudi stocks down as Middle East conflict worsens

Michael Thompson
By Michael Thompson
1 Min Read
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Israeli actions fell on their first day of commerce after the government of Prime Minister Benjamin Netanyahu began air attacks against Iran. The equity point of Saudi Arabia slipped when the conerns of a broader conflict seized the region.

The index of the Tel Aviv 35 Stock Exchange fell 1.5 percent in the opening on Sunday, extending the 1.5 percent decrease last week. The Tadawul All Share index slid 2.5 percent. The EGX 30 index of Egypt sank 7.7 percent, the most in more than a year of closing. The markets closed on Friday.

The last sale was when Israel and Iran continued to attack the territories of the other for the third day. On Friday, when hostilities exploded, the Shekel fell more in 11 months, while oil prices increased by 7 percent. The worsening conflict also sent shock waves in financial markets, feeding a career in traditional paradises such as gold and the dollar.

More stories like this are notable on Bloomberg.com

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