Gulf shares fall after Houthis attacks intercepted

Most major indexes in the Gulf fell in early trade yesterday, with the Dubai index declining the most after the United Arab Emirates intercepted another attack by the Houthis, the third since the beginning of the year, Reuters reported

Dubai’s main share index DFMGI fell 1.2 per cent, with shares in the country’s top lender Emirates NBD Bank dropping four per cent. While the Abu Dhabi index FTFADGI eased 0.2 per cent.

In Qatar, the benchmark index QSI was down 0.1 per cent, extending the loss from the previous session.

Saudi Arabia’s benchmark index TASI, however, bucked the trend, with stocks edging 0.1 per cent higher.

READ: UAE summons people for sharing videos of missile attack interception