Latest news with #Gulfmarkets
Yahoo
08-07-2025
- Automotive
- Yahoo
Middle Eastern Dividend Stocks To Consider In July 2025
As Gulf markets experience gains driven by progress in U.S. trade agreements, indices across the region, including Dubai and Saudi Arabia, have reached significant highs. In this context of market optimism and economic expansion, dividend stocks offer a compelling opportunity for investors seeking steady income streams amidst fluctuating conditions. Name Dividend Yield Dividend Rating Saudi Telecom (SASE:7010) 9.86% ★★★★★☆ Saudi National Bank (SASE:1180) 5.38% ★★★★★☆ Saudi Awwal Bank (SASE:1060) 5.79% ★★★★★☆ Riyad Bank (SASE:1010) 6.23% ★★★★★☆ National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) 6.96% ★★★★★☆ Emirates NBD Bank PJSC (DFM:EMIRATESNBD) 4.12% ★★★★★☆ Emaar Properties PJSC (DFM:EMAAR) 7.12% ★★★★★☆ Commercial Bank of Dubai PSC (DFM:CBD) 5.70% ★★★★★☆ Arab National Bank (SASE:1080) 5.94% ★★★★★☆ Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) 7.44% ★★★★★☆ Click here to see the full list of 75 stocks from our Top Middle Eastern Dividend Stocks screener. Let's dive into some prime choices out of the screener. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Emirates Driving Company P.J.S.C., along with its subsidiaries, specializes in managing and developing motor vehicle driving training in the United Arab Emirates, with a market cap of AED3.33 billion. Operations: Emirates Driving Company P.J.S.C. generates revenue primarily from its Car and Other Related Services segment, amounting to AED589.90 million. Dividend Yield: 5.5% Emirates Driving Company P.J.S.C. offers a mixed dividend profile. While its dividend payments are covered by earnings and cash flows, the payout has been volatile over the past decade. Despite a 65.4% payout ratio, recent profit margins have declined significantly from last year. The company's dividend yield of 5.5% is below top-tier levels in the AE market but trades at good value relative to peers, with notable revenue growth reported recently (AED 167.11 million). Delve into the full analysis dividend report here for a deeper understanding of Emirates Driving Company P.J.S.C. Our valuation report unveils the possibility Emirates Driving Company P.J.S.C's shares may be trading at a discount. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri operates in the luxury fashion industry, focusing on textiles and ready-to-wear clothing, with a market capitalization of TRY8.99 billion. Operations: Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri generates revenue from its apparel segment, which amounts to TRY14.67 billion. Dividend Yield: 4.4% Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri presents a compelling dividend profile with a yield of 4.45%, placing it in the top 25% of Turkish dividend payers. The company's dividends are well-covered by both earnings and cash flows, with low payout ratios (18.5% and 21.8% respectively). Although dividends have grown over four years, they remain relatively new to investors seeking long-term stability. Recent earnings improvements reflect positive financial momentum despite a drop in sales revenue to TRY 3.49 billion. Unlock comprehensive insights into our analysis of Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri stock in this dividend report. Our valuation report unveils the possibility Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri's shares may be trading at a premium. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Suny Cellular Communication Ltd operates in Israel by importing and marketing cell phones, accessories, and storage devices, with a market cap of ₪337.58 million. Operations: Suny Cellular Communication Ltd generates revenue primarily from the sale of cellular phones and accessories, amounting to ₪1.02 billion. Dividend Yield: 6.5% Suny Cellular Communication offers a dividend yield of 6.52%, ranking in the top 25% of IL market payers, with dividends covered by earnings and cash flows at payout ratios of 78% and 59.1%, respectively. However, its dividend history is unstable, with payments declining over four years. Recent earnings showed a decrease to ILS 11.86 million from ILS 18.84 million year-over-year, indicating potential challenges despite trading slightly below estimated fair value. Navigate through the intricacies of Suny Cellular Communication with our comprehensive dividend report here. According our valuation report, there's an indication that Suny Cellular Communication's share price might be on the cheaper side. Unlock our comprehensive list of 75 Top Middle Eastern Dividend Stocks by clicking here. Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments. Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ADX:DRIVE IBSE:VAKKO and TASE:SNCM. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
02-07-2025
- Business
- Yahoo
Middle East Small Caps Including Saudi Reinsurance with Promising Potential
Amidst a backdrop of cautious investor sentiment and profit-taking in the Gulf markets, small-cap stocks in the Middle East have been navigating a challenging landscape as regional indices experience fluctuations. In this environment, identifying promising small-cap stocks requires careful consideration of their resilience to market volatility and potential for growth within sectors poised to benefit from economic shifts. Name Debt To Equity Revenue Growth Earnings Growth Health Rating Baazeem Trading 8.48% -2.02% -2.70% ★★★★★★ Terminal X Online 17.70% 12.39% 35.35% ★★★★★★ Alf Meem Yaa for Medical Supplies and Equipment NA 17.03% 18.37% ★★★★★★ MOBI Industry 6.50% 5.60% 24.00% ★★★★★★ Sure Global Tech NA 11.95% 18.65% ★★★★★★ Saudi Azm for Communication and Information Technology 2.07% 16.18% 21.11% ★★★★★★ Nofoth Food Products NA 15.75% 27.63% ★★★★★★ National General Insurance (P.J.S.C.) NA 14.55% 29.05% ★★★★★☆ National Corporation for Tourism and Hotels 19.25% 0.67% 4.89% ★★★★☆☆ Saudi Chemical Holding 79.49% 16.57% 44.01% ★★★★☆☆ Click here to see the full list of 218 stocks from our Middle Eastern Undiscovered Gems With Strong Fundamentals screener. Here's a peek at a few of the choices from the screener. Simply Wall St Value Rating: ★★★★☆☆ Overview: Saudi Reinsurance Company offers a range of reinsurance products across Saudi Arabia, the Middle East, Africa, Asia, and globally with a market capitalization of SAR 5.89 billion. Operations: The company's primary revenue streams are derived from its Property and Casualty segment, contributing SAR 1.16 billion, and Life and Health segment at SAR 47.11 million. It also benefits from unallocated investment income calculated using the effective interest rate amounting to SAR 76.78 million. Saudi Reinsurance, a relatively small player in the insurance sector, has shown notable financial resilience. Its earnings surged by 229.9% over the past year, significantly outpacing the industry average of -16.7%. The company's debt-to-equity ratio climbed to 2.7% from 0% over five years, indicating increased leverage but manageable levels given its cash position exceeding total debt. Despite shareholder dilution last year, Saudi Re's price-to-earnings ratio of 12.3x suggests it trades at a favorable value compared to the broader SA market's 21.5x benchmark. Recent board appointments could also signal strategic shifts aimed at sustaining growth momentum. Delve into the full analysis health report here for a deeper understanding of Saudi Reinsurance. Explore historical data to track Saudi Reinsurance's performance over time in our Past section. Simply Wall St Value Rating: ★★★★★☆ Overview: The Gold Bond Group Ltd. provides storage, conveyance, and logistical solutions for cargoes and containers, with a market cap of ₪879.98 million. Operations: Gold Bond Group generates revenue primarily from Free Activities (₪87.01 million), FCL Terminal Operations (₪57.60 million), LCL Terminal Operations (₪49.63 million), and Ecommerce Activity (₪13.65 million). Gold Bond Group's recent performance showcases a promising trajectory. Over the past year, earnings surged by 24.9%, outpacing the Infrastructure industry's growth of 9.6%. Despite a historical annual decline of 5.2% over five years, their debt to equity ratio impressively shrank from 15.3% to just 3%. The company reported first-quarter sales of ILS 57.87 million, up from ILS 43.29 million the previous year, with net income climbing to ILS 7.44 million from ILS 6.66 million and basic earnings per share rising to ILS 1.85 from ILS 1.65, indicating strong financial health and operational efficiency in recent quarters. Dive into the specifics of Gold Bond Group here with our thorough health report. Understand Gold Bond Group's track record by examining our Past report. Simply Wall St Value Rating: ★★★★★★ Overview: Neto Malinda Trading Ltd. is engaged in the manufacturing, importing, marketing, and distribution of kosher food products with a market cap of ₪2.77 billion. Operations: Neto Malinda Trading generates revenue through three primary segments: Import (₪2.02 billion), Local Market (₪2.19 billion), and Neto Group Factories (₪0.75 billion). Neto Malinda Trading, a promising player in the Middle East market, has shown robust financial health with high-quality earnings and a price-to-earnings ratio of 12.2x, undercutting the IL market average of 15.7x. The company's interest payments are comfortably covered by EBIT at 33.6x, indicating strong operational efficiency. Over the past year, earnings surged by 137%, significantly outpacing the food industry's growth rate of 91.8%. Recent financial results highlight a rise in sales to ILS 1.3 billion from ILS 1.14 billion and net income climbing to ILS 53.94 million from ILS 30.38 million year-on-year, reflecting solid performance momentum. Click here and access our complete health analysis report to understand the dynamics of Neto Malinda Trading. Evaluate Neto Malinda Trading's historical performance by accessing our past performance report. Explore the 218 names from our Middle Eastern Undiscovered Gems With Strong Fundamentals screener here. Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments. Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SASE:8200 TASE:GOLD and TASE:NTML. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
24-06-2025
- Business
- Yahoo
Middle Eastern Penny Stocks: Dubai Investments PJSC Leads 3 Promising Picks
Despite regional conflicts, most Gulf markets have remained resilient, with indices climbing amid rising oil prices and improved investor sentiment. In this context, penny stocks—often representing smaller or newer companies—offer intriguing investment opportunities at lower price points. While the term may seem outdated, these stocks can still present significant growth potential when backed by strong financials and solid fundamentals. Name Share Price Market Cap Financial Health Rating Menara Ventures Xl - Limited Partnership (TASE:MNRA) ₪2.84 ₪13.05M ★★★★★★ Thob Al Aseel (SASE:4012) SAR3.90 SAR1.56B ★★★★★★ Amanat Holdings PJSC (DFM:AMANAT) AED1.05 AED2.61B ★★★★★☆ Alarum Technologies (TASE:ALAR) ₪4.03 ₪282.85M ★★★★★★ E7 Group PJSC (ADX:E7) AED1.04 AED2.06B ★★★★★★ Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret (IBSE:KATMR) TRY1.88 TRY2.02B ★★★★★☆ Dubai National Insurance & Reinsurance (P.S.C.) (DFM:DNIR) AED3.58 AED377.69M ★★★★★★ Dubai Investments PJSC (DFM:DIC) AED2.42 AED10.33B ★★★★☆☆ Sharjah Cement and Industrial Development (PJSC) (ADX:SCIDC) AED0.689 AED419.09M ★★★★★★ Tgi Infrastructures (TASE:TGI) ₪2.469 ₪183.55M ★★★★★★ Click here to see the full list of 79 stocks from our Middle Eastern Penny Stocks screener. Let's explore several standout options from the results in the screener. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Dubai Investments PJSC operates in property, investment, manufacturing, contracting, and services sectors both in the United Arab Emirates and internationally, with a market cap of AED10.33 billion. Operations: The company's revenue is derived from three main segments: Property (AED2.14 billion), Manufacturing, Contracting and Services (AED1.39 billion), and Investments (AED272.75 million). Market Cap: AED10.33B Dubai Investments PJSC, with a market cap of AED10.33 billion, has shown robust financial performance despite some challenges. Recent earnings for Q1 2025 reported net income of AED170.89 million, up from AED119.96 million the previous year, indicating strong growth momentum. The company benefits from diversified revenue streams across property, manufacturing, contracting and services sectors. While its debt level is satisfactory with a net debt to equity ratio of 14.4%, interest coverage remains weak at 2.1x EBIT. Despite forecasted earnings decline over the next three years and reliance on one-off gains in past results, it trades at a favorable P/E ratio of 8.2x compared to the AE market average. Dive into the specifics of Dubai Investments PJSC here with our thorough balance sheet health report. Gain insights into Dubai Investments PJSC's outlook and expected performance with our report on the company's earnings estimates. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. operates in the manufacturing of on-vehicle equipment and has a market cap of TRY20.24 billion. Operations: The company generates revenue of TRY1.36 billion from its vehicle equipment manufacturing segment. Market Cap: TRY2.02B Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S., with a market cap of TRY20.24 billion, has demonstrated significant earnings growth, reporting a 455.4% increase over the past year and achieving high-quality earnings. Despite its volatile share price and low return on equity at 10.5%, the company's financial health is supported by satisfactory debt levels and strong short-term asset coverage of liabilities. Recent results for Q1 2025 show improved net income at TRY350.24 million from TRY231.09 million last year, highlighting continued profitability momentum in its vehicle equipment manufacturing segment amidst industry challenges. Navigate through the intricacies of Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret with our comprehensive balance sheet health report here. Assess Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret's previous results with our detailed historical performance reports. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Human Xtensions Ltd. is a medical robotics company that develops, manufactures, markets, and sells modular medical devices for minimally invasive surgical operations in Israel, with a market cap of ₪9.34 million. Operations: The company generates revenue of ₪0.67 million from its operations in the development, production, marketing, and sale of medical equipment. Market Cap: ₪9.34M Human Xtensions Ltd., a medical robotics firm, is pre-revenue with earnings under US$1 million (₪665K) and a market cap of ₪9.34 million. The company remains debt-free but faces financial challenges with less than a year of cash runway, indicating potential liquidity concerns. While its board is experienced with an average tenure of 4.3 years, the management team's experience level is unclear. Despite reducing losses by 6.5% annually over five years, it remains unprofitable with high volatility in share price and negative return on equity (-788.57%). Short-term assets exceed liabilities at ₪6.6M versus ₪3.7M respectively. Unlock comprehensive insights into our analysis of Human Xtensions stock in this financial health report. Examine Human Xtensions' past performance report to understand how it has performed in prior years. Click through to start exploring the rest of the 76 Middle Eastern Penny Stocks now. Contemplating Other Strategies? This technology could replace computers: discover the 26 stocks are working to make quantum computing a reality. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include DFM:DIC IBSE:KATMR and TASE:HUMX. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
Yahoo
24-06-2025
- Business
- Yahoo
Middle Eastern Dividend Stocks Offering Yields Up To 7.8%
Despite regional conflicts, most Gulf markets have remained resilient, buoyed by rising oil prices and investor optimism about potential peace talks. In such a dynamic environment, dividend stocks with attractive yields can offer investors a reliable income stream while navigating market uncertainties. Name Dividend Yield Dividend Rating Saudi Telecom (SASE:7010) 9.98% ★★★★★☆ Saudi National Bank (SASE:1180) 5.85% ★★★★★☆ Saudi Awwal Bank (SASE:1060) 6.33% ★★★★★☆ Riyad Bank (SASE:1010) 6.67% ★★★★★☆ National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) 7.49% ★★★★★☆ Emirates NBD Bank PJSC (DFM:EMIRATESNBD) 4.68% ★★★★★☆ Emaar Properties PJSC (DFM:EMAAR) 7.84% ★★★★★☆ Commercial Bank of Dubai PSC (DFM:CBD) 5.97% ★★★★★☆ Arab National Bank (SASE:1080) 6.27% ★★★★★☆ Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) 8.05% ★★★★★☆ Click here to see the full list of 78 stocks from our Top Middle Eastern Dividend Stocks screener. Here's a peek at a few of the choices from the screener. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Dubai Investments PJSC operates in property, investment, manufacturing, contracting, and services sectors both in the United Arab Emirates and internationally, with a market cap of AED10.33 billion. Operations: Dubai Investments PJSC generates revenue from three main segments: Property (AED2.14 billion), Manufacturing, Contracting and Services (AED1.39 billion), and Investments (AED272.75 million). Dividend Yield: 7.4% Dubai Investments PJSC reported strong Q1 2025 earnings with net income rising to AED 170.89 million, but its dividend yield of 7.41%, while attractive, is not well covered by free cash flows due to a high cash payout ratio of 98.9%. The company's price-to-earnings ratio of 8.2x suggests good relative value compared to the market; however, dividend payments have been volatile over the past decade despite some growth in payouts. Delve into the full analysis dividend report here for a deeper understanding of Dubai Investments PJSC. Upon reviewing our latest valuation report, Dubai Investments PJSC's share price might be too pessimistic. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Emaar Properties PJSC, along with its subsidiaries, is involved in property investment, development, and management both within the United Arab Emirates and internationally, with a market capitalization of approximately AED112.69 billion. Operations: Emaar Properties PJSC generates revenue through its segments, which include Real Estate at AED29.70 billion, Leasing, Retail and Related Activities at AED7.11 billion, and Hospitality at AED2.07 billion. Dividend Yield: 7.8% Emaar Properties PJSC offers an appealing dividend yield of 7.84%, ranking in the top 25% within the AE market, supported by a strong cash payout ratio of 29.3% and earnings coverage at 61.8%. Despite trading at a significant discount to its estimated fair value, Emaar's dividends have been volatile over the past decade. Recent Q1 2025 results showed robust growth with sales reaching AED 10.10 billion and net income rising to AED 3.71 billion, indicating solid financial performance amidst revenue expansion forecasts. Take a closer look at Emaar Properties PJSC's potential here in our dividend report. Our expertly prepared valuation report Emaar Properties PJSC implies its share price may be lower than expected. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Bank Albilad, with a market cap of SAR37.20 billion, operates in the Kingdom of Saudi Arabia offering a range of banking products and services through its subsidiaries. Operations: Bank Albilad's revenue is primarily generated from its Retail Banking segment at SAR2.09 billion, followed by the Corporate Banking sector at SAR1.97 billion, the Treasury Sector contributing SAR1.19 billion, and the Investment and Brokerage Services Sector adding SAR405.54 million. Dividend Yield: 3.4% Bank Albilad's dividend yield of 3.36% is below the top 25% in the Saudi Arabian market, though its payout ratio of 42.7% suggests dividends are well covered by earnings. Despite a volatile dividend history over the past decade, recent earnings growth and a low price-to-earnings ratio (13x) indicate potential value. The bank recently issued US$650 million in Additional Tier 1 Sukuk, which may impact future financial strategies and stability. Click here to discover the nuances of Bank Albilad with our detailed analytical dividend report. Our valuation report here indicates Bank Albilad may be overvalued. Investigate our full lineup of 78 Top Middle Eastern Dividend Stocks right here. Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes. Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include DFM:DIC DFM:EMAAR and SASE:1140. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Zawya
23-06-2025
- Business
- Zawya
Mideast Stocks: Most Gulf markets in black despite regional conflict
Most stock markets in the Gulf ended higher on Monday amid rising oil prices, as investors anxiously waited to see if Iran would retaliate against U.S. attacks on its nuclear sites. Oil prices touched a five-month high before paring gains on Monday as oil and gas transit continued on tankers from the Middle East after U.S. airstrikes against Iran at the weekend. Market participants expect further price gains amid mounting fears that an Iranian retaliation may include closing the Strait of Hormuz, through which roughly a fifth of global crude supply flows. Saudi Arabia's benchmark index advanced 1.3%, buoyed by a 1.6% rise in Al Rajhi Bank and 1.5% increase in the country's biggest lender Saudi National Bank. Investors downplayed the potential for further escalation in the regional military conflict. This sentiment follows the possibility of peace talks, though the probability of such discussions remains low. This upward movement could be temporary, as volatility and uncertainty persist, said Hani Abuagla Senior Market Analyst at XTB MENA. "The situation could worsen if Iran closes the Strait of Hormuz, which would disrupt oil supplies and potentially lead to further military escalation." Dubai's main share index climbed 1.1%, led by a 2.8% rise in blue-chip developer Emaar Properties and a 1.8% increase in sharia-compliant lender Dubai Islamic Bank . According to Abuagla, improved investor risk appetite returned to support the Dubai market. The focus has shifted back to the healthy economic fundamentals, which could foster further recovery if this trend continues. In Abu Dhabi, the index closed 0.5% higher. The Qatari index rose 0.5%, with petrochemical maker Industries Qatar gaining 0.8%. Gulf states, home to multiple U.S. military bases, were on high alert on Sunday, with their leaders calling on all parties to exercise maximum restraint following U.S. strikes on Iran that raised the possibility of a wider conflict. Nuclear authorities in Saudi Arabia and the UAE said they had not detected signs of nuclear contamination following the strikes in Iran. Outside the Gulf, Egypt's blue-chip index increased 1.2%, with investment bank EFG Holding Co jumping 7.2%. SAUDI ARABIA rose 1.3% to 10,710 Abu Dhabi gained 1.1% to 5,411 Dubai up 0.5% to 9,558 QATAR added 0.5% to 10,333 EGYPT rose 1.2% to 31,419 BAHRAIN was up 0.2% to 1,884 OMAN was flat at 4,523 KUWAIT rose 0.5% to 8,696 (Reporting by Ateeq Shariff in Bengaluru; Editing by Alexandra Hudson)
