Gulf Markets Lower as Houthis Continue Threats on Saudi Arabia

Gulf markets ended lower on Thursday as the Houthis threatened more attacks on Saudi Arabia, with the country's benchmark index on track for a sixth weekly loss.

The Saudi index dropped 0.3%, pulled down by a 3.1% slide in ACWA Power Company and a 0.4% fall in oil behemoth Saudi Aramco.

The Houthis, a rebel group backed by Iran, have stepped up attacks on Saudi Arabia in recent weeks, raising concerns about the stability of the region.