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MIDEAST STOCKS-Major Gulf markets slide after suspected attack on tankers

Credit: REUTERS/FAISAL AL NASSER

All major Gulf stock markets dropped on Thursday after suspected attacks on tankers in the Gulf of Oman, with a missile strike by Yemen's Houthi rebels on a civilian airport in southern Saudi Arabia also weighing on risk sentiment.

June 13 (Reuters) - All major Gulf stock markets dropped on Thursday after suspected attacks on tankers in the Gulf of Oman, with a missile strike by Yemen's Houthi rebels on a civilian airport in southern Saudi Arabia also weighing on risk sentiment.

Two tankers were hit in the suspected attacks and their crews were evacuated, shipping sources said. Four tankers in the region were struck in a similar incident a month ago.

On Wednesday, Houthi rebels carried out a missile attack on a civilian airport in southern Saudi which wounded 26 people. The Saudi-led military coalition in Yemen said it would respond forcefully.

Saudi's share index .TASI declined 0.8%, snapping five days of straight gains, with heavyweight petrochemical maker Saudi Basic Industries 2010.SE decreasing 2.3% and Al Rajhi Bank 1120.SE losing 0.8%.

The index has gained over 15% year-to-date, outperforming its major Gulf peers in a rally led by foreign investors.

A third tranche of the FTSE Russell emerging market index will kick in this month after Saudi stocks were included in two tranches in March and April.

The Abu Dhabi index .ADI dropped 0.7% with First Abu Dhabi Bank FAB.AD sliding 1.1% and Aldar Properties ALDR.AD retreating 2.1%.

Qatar's index .QSI eased 0.6% as Industries Qatar IQCD.QA dropped 1.6% and Qatar Fuel QFLS.QA shed 1.1%.

In Dubai, the index .DFMGI decreased 1% with 22 of its stocks declining and one rising. Emaar Properties EMAR.DU shed 1.1%, while Emirates NBD ENBD.DU lost 0.9%.

($1 = 3.6728 UAE dirham)

(Reporting by Ateeq Shariff in Bengaluru; editing by John Stonestreet)

((AteeqUr.Shariff@thomsonreuters.com; +918067497129;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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