Markets Middle East stocks close up as markets recalibrate By Chris Hamill-Stewart April 8, 2025, 7:13 PM Reuters/Brendan McDermid Traders work on the floor at the New York Stock Exchange. Markets rebounded in early trading in the US and at close in the Middle East Saudi index closes up 1% Kuwait up 3% US stocks open higher Middle Eastern stocks closed trading higher on Tuesday following days of turmoil. Saudi Arabian stocks were up for the second day in a row on Tuesday, making a 1 percent gain. On Sunday the Saudi index dropped 6.8 percent, its largest one-day fall since the Covid-19 pandemic. Kuwait’s stock exchange registered a 3.08 percent gain on Tuesday, the region’s most significant recovery. Dubai’s main share index climbed 1.9 percent, while Abu Dhabi’s Securities Exchange added 0.5 percent. Qatar was up 1.3 percent, while Egypt’s exchange recovered by 0.6 percent. Frank Kane: Trump’s tariffs bring that sinking Lehman feeling Global stock market dive likely to delay Gulf IPOs Oil prices rise 1% after heavy US tariff-driven sell-off Global stocks also showed signs of a partial recovery on Tuesday. The S&P 500 opened 3.7 percent higher, and the Nasdaq was up 4.2 percent on market open. Despite Gulf economies not being specifically targeted in Donald Trump’s tariffs, plus there being an exemption for energy products, falling oil prices and concerns over the global economy fuelled a sell-off. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
