Mideast Stocks Drop as Israel Declares War After Hamas Attack

-- The fallout from Saturday’s surprise attack on Israel by the Palestinian group Hamas reverberated through Middle East markets, sending stocks sliding and setting the tone for what’s likely to be a volatile week.Major equities gauges in the region fell Sunday, led by the 4% drop on Israel’s benchmark TA-35 stock index, its biggest loss since early 2022. The Tadawul All Share Index in Riyadh fell 0.3% while stocks in Kuwait, Qatar, Oman and Bahrain also weakened. Egypt’s EGX30 gauge declined 1.

The conflict comes at a time of diplomatic sensitivity and also a moment of historic division within Israel over Netanyahu’s coalition with Israel’s far-right and their efforts to overhaul the nation’s judiciary. The Israeli shekel has slumped toward a seven-year low in recent days. Trump claimed "The Silence of the Lambs" killer threw his support behind him in an awkward flub on Saturday.Former Trump Org exec testified he accounted for multi-million dollar mansions not yet built when valuing a company at the request of Eric Trump

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Mideast Stocks Drop as Israel Declares War After Hamas Attack - BNN BloombergThe fallout from Saturday’s surprise attack on Israel by the Palestinian group Hamas reverberated through Middle East markets, sending stocks sliding and setting the tone for what’s likely to be a volatile week.
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