Most Gulf bourses fall on Russia-Ukraine crisis

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Most Gulf bourses fall on Russia-Ukraine crisis
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Most stock markets in the Gulf ended lower on Sunday, tracking Friday's decline on Wall Street against the backdrop of a standoff between Russia and the West over Ukraine.

led the losses, retreating 2% for its biggest daily decline since late November, with stocks falling across the board.On Thursday 12 people were injured at Saudi Arabia's Abha airport by shrapnel from an explosive-laden drone intercepted by air defences, said the Saudi-led coalition fighting Yemen's Iran-aligned Houthi group.

Most attacks are intercepted but a few people have been killed and several injured.Saudi Arabia's Crown Prince Mohammed bin Salman has transferred 4% of Saudi Aramco shares worth $80 billion to the kingdom's sovereign wealth fund, the government said on Sunday.

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