MIDEAST STOCKS-Saudi falls slightly after oil tanker attack, rest of Gulf mixed | ZAWYA MENA Edition

MIDEAST STOCKS-Saudi falls slightly after oil tanker attack, rest of Gulf mixed | ZAWYA MENA Edition:

Saudi Arabia's stock market fell slightly on Thursday after Riyadh reported an attack on two oil tankers by Yemen's Houthi movement, while other Gulf bourses moved little, suggesting investors don't expect the event to have much economic impact.

Riyadh said it would temporarily stop shipping oil through a Red Sea strait following the attack. But oil prices rose only modestly, with Brent crude adding 0.9 percent to $74.59 a barrel after gaining 0.7 percent on Wednesday, when the attack reportedly occurred.

"Saudi's oil shipments that did go via the strait can easily be rerouted via the Cape of Good Hope at little additional cost and minimal delay," London-based Capital Economics said.