Middle East Banks Surge 10% After Ceasefire

Middle East banking shares rallied sharply, with Emirates NBD up nearly 10%, First Abu Dhabi Bank up 8%, and others gaining over 4%.
The rally followed Donald Trump's announcement of a two‑week Iran ceasefire, mediated by Pakistan’s prime minister, easing geopolitical tensions.
Asian markets rose, with Japan’s Nikkei +5.4%, China’s CSI300 +3.4% and Hong Kong’s Hang Seng +3.1%; oil prices fell to lowest since March 26.