Jazeera Airways Co. (ksc)KSE: JAZEERA

Gulf airline stocks soar as Israel-Iran ceasefire reopens Middle East skies

· Issued by Jazeera Airways Co. (ksc)

** Shares in Gulf airlines rise after U.S. President Donald Trump said a ceasefire between Israel and Iran is now in place

**Bahrain, Kuwait, Qatar, Iraq, Syria, and Israel reopened their airspaces following a brief suspension

** International airlines plan to resume normal schedules across the Middle East

** UAE-listed Air Arabia DFM:AIRARABIA jumps 7.2%, set for its best day since mid-April, 2022

** Kuwait's Jazeera Airways KSE:JAZEERA surges as much as 10%; last up 8.5%

** Saudi Arabia's Flynas, which listed on June 18, jumps 7.9%