Gulf markets fall after Houthis target Riyadh

Gulf stock markets declined variably following the announcement by the Yemeni Houthi group of targeting sites in Riyadh with missiles and drones, which heightens regional tensions. The Saudi market was particularly affected, with the main index dropping about 0.26%, influenced by declines in Aramco and the Saudi National Bank shares. Stock exchanges in Qatar, Oman, the UAE, Bahrain, Kuwait, and Jordan also experienced declines, along with a drop in the Egyptian market index, amid escalating Houthi activities in the region.

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