Middle East Market Wrap 15 September: Riyadh Leads the Gulf Lower While Cairo and Amman Buck the Board
6 of the 9 indices on our Middle East board fell on Tuesday, with Saudi Arabia’s Tadawul All Share the worst at 0.89 percent and Egypt’s EGX 30 the best at 0.21 percent higher, as the region traded against 10 year United States Treasury yields at their highest since 2007 and a Federal Reserve decision due on Wednesday. 6 of the 7 Gulf boards fell even with crude firmly above 100 dollars a barrel, with Dubai’s DFM General down 0.82 percent, the Gulf’s largest decline after Riyadh’s, and Abu Dhabi the only Gulf riser. Brent crude traded at 106.73 dollars a barrel at 12:31 GMT, up 0.99 percent from Monday’s settlement.
Riyadh and Dubai lead the fallers while the crude they export keeps rising
The Tadawul All Share closed 0.89 percent lower at 10,781.62, the board’s largest fall, with the wire reporting new attacks on Saudi Arabia that helped push Brent above 107 dollars a barrel intraday. Dubai’s DFM General lost 0.82 percent to 5,927.38 on the exchange’s own daily figure, Qatar’s QE Index 0.51 percent to 9,773.75 on our calculation against our published Monday close, and Oman’s MSX 30 0.20 percent to 7,614.87. Kuwait’s All Share eased 0.18 percent to 8,945.99 and Bahrain’s All Share 0.04 percent to 1,929.36, while Abu Dhabi’s FTSE ADX General bucked the Gulf at 0.17 percent higher, closing at 10,135.93.
Cairo and Amman rise against the region, and the 2 fixings that matter
Egypt’s EGX 30 rose 0.21 percent to 54,909.17, opening exactly on Monday’s 54,796.55 close and touching 55,226.57 during the session on the exchange’s own figures, and Jordan’s ASE Index added 0.18 percent to 4,106.16. On the official fixings, the Central Bank of Kuwait’s dollar/dinar reference rate stood at 0.30695/05 for 15 September with a value date of 17 September, and the Central Bank of Egypt’s dollar/pound exchange rate read 51.9968 to buy and 52.1345 to sell, dated 15 September. Both fixings print in the official rates table below.
Top gainers
| Index | Close | Change |
|---|---|---|
| EGX 30 (Egypt) | 54,909.17 | +0.21% |
| ASE Index (Jordan) | 4,106.16 | +0.18% |
| FTSE ADX General (Abu Dhabi) | 10,135.93 | +0.17% |
Top gainers, closes of Tuesday 15 September 2026 from the exchanges, ranked by change; every change is measured against our published 14 September closes.
Top losers
| Index | Close | Change |
|---|---|---|
| Bahrain All Share (Bahrain) | 1,929.36 | -0.04% |
| Kuwait All Share (Kuwait) | 8,945.99 | -0.18% |
| MSX 30 (Oman) | 7,614.87 | -0.20% |
| QE Index (Qatar) | 9,773.75 | -0.51% |
| DFM General (Dubai) | 5,927.38 | -0.82% |
| Tadawul All Share (Saudi Arabia) | 10,781.62 | -0.89% |
Top losers, closes of Tuesday 15 September 2026 from the exchanges, ranked by change; every change is measured against our published 14 September closes. The DFM change is the exchange’s own daily figure, and the QE Index change is our calculation against our published 14 September close.
Commodities and currencies
| Instrument | Level | Change |
|---|---|---|
| Gold, COMEX (Dec’26), dollars an ounce | 4,313.80 | -0.88% |
| Silver, COMEX (Dec’26), dollars an ounce | 63.68 | -0.71% |
| Brent Crude, ICE (Nov’26), dollars a barrel | 106.73 | +0.99% |
| WTI Crude, NYMEX (Oct’26), dollars a barrel | 103.03 | +1.62% |
| US Dollar Index (DXY) | 99.597 | +0.21% |
| Euro/Dollar | 1.1543 | -0.03% |
| Sterling/Dollar | 1.3482 | -0.10% |
| Dollar/Yen | 154.99 | +0.41% |
Intraday quotes at 12:31 GMT, fixed row order; the 4 commodity rows are measured against Monday’s settlements as carried in the price feed, settlement to snapshot, and the currency rows are on the vendor’s daily basis.
Official reference rates
| Rate | Level | Date |
|---|---|---|
| CBK dollar/dinar official reference rate | 0.30695/05 | 15 September 2026, value date 17 September 2026 |
| CBE dollar/Egyptian pound, buy/sell | 51.9968 / 52.1345 | 15 September 2026 |
Official central bank fixings, each on its own date as published; the CBK rate carries a value date of 17 September 2026 and the CBE row is the CBE Exchange Rate series.
Asia reference
| Index | Close | Change |
|---|---|---|
| Nikkei 225 (Japan) | 63,484.10 | -0.01% |
| Topix (Japan) | 4,037.16 | -0.52% |
| Shanghai Composite (China) | 3,864.28 | -0.54% |
| Shenzhen Component (China) | 13,287.97 | -0.72% |
| Taiex (Taiwan) | 45,511.49 | -0.77% |
| Kospi (South Korea) | 6,627.26 | -0.85% |
| S&P/ASX 200 (Australia) | 8,672.50 | -0.88% |
| Hang Seng (Hong Kong) | 24,667.24 | -1.00% |
| Nifty 50 (India) | 23,118.60 | -1.19% |
| Straits Times (Singapore) | 5,638.64 | -1.39% |
Carried from our Asia Market Wrap of Tuesday 15 September 2026: no index on the Asia board rose, so the 10 rows are its losers, ranked. The Nifty 50 is measured against its 11 September close because Indian markets were shut on Monday for a public holiday.
Why it matters: the Gulf’s oil exporters fell while the barrel they sell rose again, on our reading a session about money rather than oil: with the 10 year Treasury at its highest since 2007 and a Federal Reserve rise priced for Wednesday, the discount rate on the region’s earnings is climbing even as the crude income behind them strengthens. Cairo and Amman, the board’s 2 markets outside the Gulf’s oil exporters, rose against that grain. Across everything we published today, the EGX 30 is the day’s best index at 0.21 percent higher and Singapore’s Straits Times the worst at 1.39 percent lower.
Outlook: the Federal Reserve decides on Wednesday, with a quarter point rise priced and further tightening indicated, per Reuters, and the Bank of Japan follows on Friday. Europe is trading the same backdrop now, and our Europe and US wraps follow today. For the Gulf the question is Wednesday’s session, the first to price the Fed’s decision alongside a crude market that the wire’s report puts above 107 dollars intraday on new attacks on Saudi Arabia.
Sources: Saudi Exchange, Dubai Financial Market, Abu Dhabi Securities Exchange, Boursa Kuwait, Qatar Stock Exchange, Bahrain Bourse, Muscat Stock Exchange, Amman Stock Exchange, The Egyptian Exchange, Central Bank of Kuwait, Central Bank of Egypt, Reuters, CNBC, The Edge.
