Gulf markets grounded, regional conflict triggers halts
MG News | March 02, 2026 at 10:20 AM GMT+05:00
March 02, 2026 (MLN): Major stock exchanges across the Gulf have suspended trading following a dramatic escalation in tensions after a US military strike on Iran.
Boursa Kuwait was the first to act, declaring a
trading halt effective Sunday, March 1, 2026, under directives from
Kuwait's Capital Markets Authority.
The exchange cited "exceptional circumstances the
country is experiencing" and stated the decision was taken to protect
market participants and ensure stability.
Shortly after, the UAE Capital Markets Authority
confirmed that both the Abu Dhabi Securities Exchange (ADX) and the Dubai
Financial Market (DFM) would be closed on March 2–3, 2026, according
to Bloomberg.
The closures come as the US military strike on Iran sent
shockwaves through regional financial markets.
Fears over disruption to oil supply through the Strait of
Hormuz, a surge in investor panic selling, and broader concerns over regional
conflict spreading have pushed Gulf regulators into emergency action.
Oil prices surged sharply on news of the strike, rattling
GCC economies that remain heavily dependent on energy revenues.
The Pakistan Stock Exchange halted all equity trading today
after the KSE-100 Index dropped
nearly 9% over 15,000 points to 152,991, with all 94 active counters
declining and none trading in positive territory
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| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 155,148.10 280.68M | -7.68% -12914.07 |
| ALLSHR | 93,032.33 484.93M | -7.36% -7386.50 |
| KSE30 | 47,341.66 137.76M | -7.76% -3980.73 |
| KMI30 | 216,871.94 113.74M | -7.84% -18453.18 |
| KMIALLSHR | 59,591.88 267.83M | -7.31% -4700.29 |
| BKTi | 45,319.11 48.41M | -7.73% -3796.31 |
| OGTi | 29,920.06 18.54M | -7.42% -2396.72 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 66,185.00 | 67,760.00 64,325.00 | -1640.00 -2.42% |
| BRENT CRUDE | 71.88 | 71.96 70.69 | 0.12 0.17% |
| RICHARDS BAY COAL MONTHLY | 96.00 | 0.00 0.00 | -3.50 -3.52% |
| ROTTERDAM COAL MONTHLY | 107.95 | 107.95 107.95 | 0.30 0.28% |
| USD RBD PALM OLEIN | 1,071.50 | 1,071.50 1,071.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 66.60 | 66.67 65.38 | 0.12 0.18% |
| SUGAR #11 WORLD | 14.05 | 14.10 13.78 | 0.18 1.30% |
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