Home ›› 14 Feb 2022 ›› Stock
Most stock markets in the Gulf ended lower on Sunday, tracking Friday's decline on Wall Street against the backdrop of a standoff between Russia and the West over Ukraine.
Washington on Friday said Russia had massed enough troops near Ukraine to launch a major invasion and urged US citizens to leave the country within 48 hours after Russia stiffened its response to Western diplomacy. Moscow denies it plans to invade. read more
Saudi Arabia's benchmark index (.TASI) led the losses, retreating 2 per cent for its biggest daily decline since late November, with stocks falling across the board.
On Thursday 12 people were injured at Saudi Arabia's Abha airport by shrapnel from an explosive-laden drone intercepted by air defences, said the Saudi-led coalition fighting Yemen's Iran-aligned Houthi group.
The Houthis often launch attacks on Abha airport, which lies close to the Yemeni border in Saudi Arabia's south, and other parts of the country with drones and missiles.
