Gulf stocks are marching higher despite Strait of Hormuz shipping concerns.
Most Gulf stock markets closed higher on Wednesday, as investors balanced hopes for a lull in the U.S.-Israeli war in Iran with lingering concerns about the security of shipping in the Strait of Hormuz.
Saudi Arabia's benchmark index recovered from early losses to finish up 1.4%, supported by a 1.6% rise in Saudi Aramco. The Dubai index rose 0.8%, led by a 4.3% gain in the Emirates NBD, while the Abu Dhabi index added 0.3%. The Qatari index fell 0.5%, dragged down by a 1.4% drop in Qatar Industrial.