Riyadh (HRNW)- Stock markets across several Gulf countries, including Saudi Arabia, declined after Yemen’s Houthi movement claimed missile and drone attacks targeting what it described as sensitive sites in the Saudi capital, Riyadh.
According to Reuters, Saudi Arabia’s benchmark TASI index fell 0.5 percent at the start of trading. Shares of Saudi Aramco declined by 0.6 percent, while Saudi National Bank shares fell 0.5 percent.
Pressure was also recorded on Qatar’s stock market, where the main QSI index dropped 0.9 percent. Shares of Industries Qatar fell 3.7 percent, contributing to the broader decline in the market.
The Houthi movement claimed that it had targeted sensitive locations in Riyadh using missiles and drones. The claims raised concerns among investors over the security of key regional infrastructure, particularly energy facilities.
The market movements reflect the immediate impact that heightened military tensions can have on investor sentiment across Gulf financial markets, particularly when developments involve major oil-producing countries and strategic energy infrastructure.
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