On Sunday, Saudi and Egyptian equity markets fell after the Saudi-led coalition
said it intercepted multiple drones and missiles over Riyadh and southern Saudi
Arabia amid escalating clashes with Houthi militants. The Tadawul All Share
Index (TASI) dropped 2.6%, its worst intraday performance since April 2025, with
heavyweight ARAMCO down 1.1% amid a broad sell-off. Egypt's EGX30 slid 2.5% to
near a seven-month low, with all constituents lower. Egypt's parliament is
scheduled to vote on Oct. 26 on whether to authorize the armed forces to support
Saudi Arabia if Riyadh requests assistance against the Houthis.