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Missile maneuver drags Saudi market index down

The Tadawul All-Share Index closed 1.29% lower at 7,831.76 points on Tuesday. Earlier in the day, Russia broke the news by saying that two missiles were launched in the Mediterranean Sea. Afterwards, Israel confirmed and said they were part of a joint maneuver with U. S. forces using live rounds. The incident rose tensions again around the civil war in Syria. Last week the U. S. threatened to attack the Syrians with military force. In Riyadh, Sabic closed flat, while Islamic banking giant Al Rajhi fell 0.64% to SR77.50. Islamic insurance operator Aljazira Takaful Taawuni Company jumped 4.76% to reach SR60.50 (top gainer).