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QSE:QIBK 15 February 2026 - 1 March 2026

Gulf bank stocks slip on Iran risk; Al Rajhi, Qatar Islamic fall as Egypt rallies on rate cut

Gulf bank stocks slip on Iran risk; Al Rajhi, Qatar Islamic fall as Egypt rallies on rate cut

Dubai, February 15, 2026, 22:12 GST — The market is closed. Gulf markets with heavy banking exposure finished in the red Sunday, investors pulling back amid renewed U.S.-Iran tension fears. Saudi Arabia’s main index edged down 0.2%, pressured by a 0.5% slide in Al Rajhi Bank. Over in Qatar, a 1.1% drop in Qatar Islamic Bank helped push the index 0.4% lower. “Currently dominate the landscape,” is how XS.com’s Samer Hasn summed up the mood around conflict risks. Egypt moved the other way: the EGX30 soared 3.6% to a record after a 100 basis-point interest rate cut.
15 February 2026
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Stock Market Today

  • Palantir (PLTR) up 2.4% on Nvidia AI Deal, Valuation Stays High
    June 29, 2026, 5:52 PM EDT. Palantir Technologies (NASDAQ:PLTR) rose 2.4% to $115.70 after it unveiled an AI partnership with Nvidia (NASDAQ:NVDA) aimed at U.S. government and critical infrastructure. The joint AI solution will run in secure settings. About $5.1 billion worth of shares changed hands, adding nearly $7 billion to Palantir's market cap. Valuation remains steep, with shares trading at 38.9 times the 2026 revenue midpoint of $7.656 billion, leaving not much room on the downside. Palantir's U.S. revenue doubled in Q1, reaching $1.28 billion. Even with stronger growth from government deals and more AI projects, some investors are wary about how expensive the stock is.
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