Mideast Stocks: Major Gulf markets little changed in quiet early trade | ZAWYA MENA Edition:
Most Gulf stock markets were little changed in thin trading early on Thursday, with banking and energy shares hurting Saudi Arabia while corporate earnings supported Abu Dhabi.
The Saudi stock index slipped 0.2% with Saudi British Bank shedding 1.4% and oil giant Saudi Aramco was down 0.4%.
Yemen's Iran-aligned Houthi movement said on Wednesday it had launched rockets and drone strikes at Saudi targets, including Aramco oil facilities, the group's first claim of such attacks since it offered to halt them four months ago.
Oil prices were higher after the reports but fell on Thursday, as alarm spread over the economic impact of China's coronavirus. A bigger-than-expected increase in U.S. crude stockpiles added to the pressure on prices.
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