Most Gulf bourses in red after Houthis claim attacks on Saudi energy, airport sites

Business Recorder reported that most Gulf share markets fell on Tuesday after Yemen’s Houthis said they had attacked Saudi energy, airport and military locations a day earlier. Saudi Arabia’s index lost 1.7%, while Qatar’s declined 0.4% to 8,598, its lowest in more than six years; Abu Dhabi was an exception, rising 0.5%. Saudi authorities had not confirmed the claims, which Reuters said it could not verify independently.

Saudi Aramco shares slipped 1.2%, while Saudi Arabian Mining Company fell 4.7%. Dubai’s index eased 0.3%, Bahrain’s declined 0.2%, Oman’s dropped 1.1% and Kuwait’s lost 0.2%; Egypt’s benchmark gained 1.9% after parliament postponed a vote on military support for Riyadh until October 26. Brent crude reached $111.75 a barrel, its highest since May, and was later quoted at $111.20, up 1.5%.