Mideast Stocks - Saudi index falls on profit taking, other markets mixed | ZAWYA MENA Edition:
The Saudi market slipped early on Sunday, while other Gulf markets were mixed, as investors monitored geopolitical tensions in the region and some liquidated positions ahead of a long public holiday next week.
Saudi Arabia's King Salman will host two emergency summits on May 30 for Gulf and Arab leaders to discuss the implications of attacks against the kingdom and neighbouring United Arab Emirates earlier this month.
Riyadh has accused Tehran of ordering the recent drone strikes on two oil pumping stations in the kingdom, claimed by Yemen’s Iran-aligned Houthi group. The attack came two days after four vessels, including two Saudi oil tankers, were sabotaged off the coast of the United Arab Emirates. Iran has denied the claims.
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