⁍ Saudi Arabia’s stock market fell early on Sunday, hurt by financials and petrochemical shares.
⁍ Dubai’s main share index rose 0.3%, helped by a 1.6% gain in its largest lender Emirates NBD ENBD.DU.
⁍ The Abu Dhabi index edged up 0.1%, with Abu Dhabi Commercial Bank ADCB.AD advancing 1.9%.
⁍ In Qatar, the index .QSI dropped 0.4%, weighed down by a 2% fall in petrochemical maker Industries Qatar IQCD.QA.
– Yemen’s Houthi rebels have claimed responsibility for a drone attack on a Saudi military base that killed at least 12 people, the AP reports. In a tweet Saturday, a spokesman for the rebels said they used drones to target the Jizan and Abha airports and the Khamis Mushait military base in Saudi Arabia. The Saudi-led coalition has been fighting the Houthis in Yemen since March. On Friday, the coalition said it had intercepted and destroyed three “explosive-laden drones” that had been launched by the rebels. Saudi Arabia’s stock market fell early on Sunday, hurt by financials and petrochemical shares, while gains in top lender Emirates NBD supported the Dubai index, Reuters reports. The Saudi benchmark index declined 0.6%, with the country’s largest lender National Commercial Bank 1180.SE dropping 1.2% and Saudi Basic Industries Corp (SABIC) 2010.SE losing 0.7%. SABIC, the Gulf’s largest petrochemical firm, reported a net profit of 1.09 billion riyals ($290.64 million) in the third-quarter, up from 0.74 billion riyals a year ago. However, the firm reported a drop in quarterly sales. The military spokesman for Yemen’s Houthi movement said in a tweet on Saturday it had targeted the Jizan and Abha airports and the Khamis Mushait base in Saudi Arabia with drones. Earlier on Saturday and in two statements on Friday, the Saudi-led coalition had said it intercepted and destroyed three explosive-laden drones.
Source: https://www.reuters.com/article/mideast-stocks-int/saudi-slips-in-early-trade-dubai-edges-up-idUSKBN27A09C