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Saudi and Egyptian Stocks Fall as Yemen Conflict Intensifies

Saudi Arabia’s TASI fell 2.6% as Saudi and Egyptian shares came under pressure after the Saudi-led coalition reported intercepting drones and missiles over Riyadh and southern regions.

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Saudi and Egyptian bourses fell on Sunday after the Saudi-led coalition said it had intercepted drones and missiles over Riyadh and southern regions as fighting with Yemen's Iran-aligned Houthis intensified.Saudi Arabia's benchmark index TADAWUL:TASI dropped 2.6%, pressured by broad-based selling a…