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Gulf equities mixed as Ras Tanura strike unnerves investors
Gulf stocks ended mixed on Wednesday as an attack on a refinery in top crude exporter Saudi Arabia rattled investors and renewed concerns that conflict in the Middle East could escalate. Yemen’s Houthis said on Tuesday they had struck the 550,000-barrel-per-day facility, the kingdom’s biggest refinery, with a ballistic missile. Saudi authorities have not immediately confirmed the strike. Saudi Arabia’s benchmark stock index reversed early losses to finish 0.4% higher, helped by a 0.7% increase in the country’s biggest lender Saudi National Bank. National Shipping Company of Saudi Arabia advanc...
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