Most Gulf bourses ended higher on Tuesday as investors weighed upcoming corporate earnings, lower oil prices, and renewed U.S.-Iran tensions. Saudi Arabia’s benchmark index was increased by 0.4%, supported by a 3.1% rise in ACWA Power. Abu Dhabi’s index was lifted by 0.2%, while Dubai’s main share index was pushed up by 0.1% after du gained 2.2%. Qatar’s index was eased by 0.1%, with Qatar Islamic Bank losing 0.7%. Egypt’s blue-chip index was advanced by 1%, led by Commercial International Bank’s 2% gain.

Gold prices in Pakistan were reduced sharply on Monday as domestic and international bullion markets remained under pressure. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola was decreased by Rs2,300 to Rs428,936, while 10 grams fell by Rs1,972 to Rs367,743. In the international market, gold was traded $23 lower at $4,065 per ounce.

US President Donald Trump has threatened a 100% tariff on imports from any country imposing a digital services tax on American companies. The proposed measure would override existing or future trade agreements with the United States, escalating trade tensions after European Union countries moved to meet Washington’s July 4 deadline for reducing tariffs on US goods.