Why did most Gulf stock markets rise despite stalled Iran peace talks and disruption in the Strait of Hormuz?

Most Gulf bourses gained because investor sentiment remained resilient amid regional uncertainty, with Saudi Arabia's TASI index rising 0.9%—driven by strong performances from Al Rajhi Bank (+1.5%) and Saudi Aramco (+1%)—and Qatar's index climbing 0.2%, supported by a 1.5% rise in Qatar National Bank; Egypt's EGX30 also advanced 1.1%, buoyed by Telecom Egypt's 3.6% gain following a sharp quarterly profit increase.

What were the key corporate developments cited in the article that influenced stock movements?

Two key corporate developments were highlighted: (1) Tihama for Advertising, Public Relations and Marketing Co (4070.SE) surged 7.3% after its board terminated CEO Hussain Masoud Al-Dossari's contract and appointed Shakir Ahmed Saleh Al-Saleh as the new CEO; and (2) Telecom Egypt (ETEL.CA) rose 3.6%, extending gains from the prior session due to a steep rise in its quarterly profit.

Most Gulf Bourses Gain Despite Stalled Iran Talks, Hormuz Disruption

Aug 16, 2026

Gulf stock markets rose amid regional tensions and Strait of Hormuz disruptions. Brent crude settled at $88.52/barrel with Saudi Aramco gaining.

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Most Gulf Bourses Gain Despite Stalled Iran Talks, Hormuz Disruption

Most Gulf Bourses Gain Despite Stalled Iran Talks, Hormuz Disruption

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