Gulf Stocks Slip After Riyadh Airport Attack Shakes Sentiment

Gulf stock markets slipped after an attack on Riyadh’s international airport shook regional sentiment, according to Sunday trading. Saudi Arabia’s benchmark TASI fell 0.2% to 10,361, while Qatar dropped 1.5%, the lowest level since May 2020. Saudi National Bank fell 1.1% and Saudi Aramco declined 0.2%. The attack killed at least 12 people and wounded more than 300, according to the report, turning investors more cautious. Markets largely treated the news as a classic “risk-off” moment, with money moving away from riskier assets and investors demanding higher returns to hold regional equities. Uncertainty rose further after Yemen’s Houthis warned airlines, travelers, and airport workers to avoid Saudi airports.