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Saudi rebound lifts most Gulf bourses as markets weigh regional risks
Most Gulf bourses closed higher on Tuesday, with Saudi Arabia’s benchmark index snapping a four-session losing streak, even as the kingdom extended the closure of Riyadh’s King Khalid International Airport until Saturday. A spokesperson for the Saudi-led coalition said on Tuesday that civilians would soon be warned to evacuate a site in Yemen’s Sanaa ahead of a special operation. The Saudi index rose 0.3%, helped by a 1.8% gain in Saudi National Bank, the country’s biggest lender by assets. That recovered part of the bank’s 1.2% drop on Monday. Elsewhere, Dubai’s main share index gained 0.4%, ...
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