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Gulf markets mixed; Saudi stocks hardest hit on Aramco attack
Gulf stock markets closed mixed on Wednesday, with Saudi shares leading losses after an attack on Saudi Aramco headquarters deepened fears of an escalating conflict between the kingdom and Yemen’s Houthis. Houthis vowed on Wednesday to continue targeting Saudi airports and oil facilities, a day after a strike that sources said heavily damaged the headquarters of oil giant Saudi Aramco. Saudi Arabia’s benchmark index fell 1.7%, weighed down by 2% declines in both Saudi National Bank, the country’s largest lender by assets, and Al Rajhi Bank. Aramco shares down 1.6%. The kingdom’s Energy Ministr...
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