Gulf bank stocks slip on Iran risk; Al Rajhi, Qatar Islamic fall as Egypt rallies on rate cut
Egypt’s EGX30 jumped 3.6% to a record after a 100 basis-point rate cut. Saudi Arabia’s benchmark slipped 0.2%, with Al Rajhi Bank down 0.5%. Qatar’s index fell 0.4% as Qatar Islamic Bank dropped 1.1%. Gulf markets tracked lower on U.S.-Iran tensions ahead of Geneva talks set for Tuesday.
