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Most Gulf bourses edge lower on mixed US-Iran cues
Most Gulf bourses ended lower on Thursday, caught between rebounding regional oil flows and mixed diplomatic signals on the US-Iran conflict. Saudi Arabia’s benchmark index dropped 0.5%, weighed down by a 1.6% retreat in the country’s biggest lender by assets Saudi National Bank. However, oil giant Saudi Aramco gained 0.2%. Saudi Arabia has restarted its East-West Pipeline and resumed tanker loadings at the Red Sea port of Yanbu, trade data showed. The restart follows a shutdown caused by a drone strike last month and signals a resumption in exports from the Middle East. The kingdom projected ...
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