Arab markets fall after Riyadh attack

Shares declined across many Arab stock markets following the attack on Riyadh airport, which resulted in the deaths of 12 people and over 300 injuries. In the Kingdom, the market index fell by 1%, with shares of Al-Ahli Bank and Aramco decreasing, while the Cairo Stock Exchange experienced a larger drop of around 2 to 2.3%. Despite these security threats, Saudi activities in the energy and investment sectors continue as planned. In another development, the United States is considering joining Saudi-led strikes against the Houthis, signaling an escalation in regional tensions with Iran.

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