Saudi Bourse Suffers Biggest Fall in Over A Year After Drone Attacks
News - Middle East: Saudi Arabia's stock market had its biggest intraday fall in over a year on Monday as it extended losses from the previous session following Yemeni drone attacks.
According to Reuters, the benchmark index (.TASI) in Saudi Arabia slid 1.9%, its biggest intraday drop since Oct. 2020, with Al Rajhi Bank (1120.SE) losing 2.2%, while Saudi Aramco (2222.SE) retreated 1.9%.
In Abu Dhabi, the index (.ADI) eased 0.2%, hit by a 1.3% fall in the United Arab Emirates' largest lender First Abu Dhabi Bank (FAB.AD).
Dubai's main share index (.DFMGI) gave up early gains to close 0.2% lower.
Yemeni Armed Forces announced launching the 8th Balanced Deterrence operation with 14 drones at several military and vital targets in the Saudi depth, including Saudi Aramco facilities in Jeddah.
Armed Forces indicated that it will face escalation with escalation until the aggression stops and the siege is lifted.
#Yemen #Aggression #Saudi Arabia About 2 years
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Yemeni Armed Forces: Continue to block Israeli navigation in Red Sea, Arabian Sea, and Indian Ocean until aggression ends and Gaza blockade is lifted
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Yemeni Armed Forces renew commitment to support Palestinians in response to calls from Yemeni People and Muslims
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Yemeni Armed Forces launched several winged and ballistic missiles at Israeli targets in Um al-Rashrash in occupied Palestine, successfully hitting their targets
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Yemeni Armed Forces: Israeli ship (MSC DARWIN) has been accurately targeted in the Gulf of Aden with naval missiles and drones
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Yemeni Armed Forces accurately targeted a ship belonging to Israeli enemy in Gulf of Aden, as well as targets belonging to the enemy in Um Al-Rashrash, south of occupied Palestine.
