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Saudi stocks slip after attack on Aramco building; Gulf markets mixed
Major Gulf stock markets were mixed in early trade on Wednesday, with Saudi shares falling after an attack on a Saudi Aramco site heightened concerns over the escalating conflict between the kingdom and Yemen’s Houthis. Saudi Arabia’s benchmark index fell 0.7%, dragged down by a 1.3% drop in Saudi National Bank, the country’s biggest lender by assets. Aramco shed 0.5%. The Energy Ministry said an administrative building belonging to the state oil company in the eastern city of Dhahran was hit, causing a limited fire, as fighting between the kingdom and the Iran-allied group intensified. Over t...
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