Middle East banking stocks rallied Wednesday, with Emirates NBD up nearly 10% and First Abu Dhabi Bank up 8%.
The rally followed a U.S.-Iran ceasefire agreement announced by Donald Trump, mediated by Pakistan’s Shehbaz Sharif, easing Strait of Hormuz tensions.
Regional markets rose, with Japan’s Nikkei +5.4%, China CSI300 +3.4%, Hong Kong Hang Seng +3.1%; oil prices fell to March‑26 lows.