Saudi Arabian Stocks Tumble as Oil, Rates Roil Mideast Equities

Saudi Arabian Stocks Tumble as Oil, Rates Roil Mideast Equities

(Bloomberg) —

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Saudi Arabian shares closed at the lowest level in about six months, leading declines in Middle East markets, following the global sell-off last week and oil’s plunge on Friday.

The Tadawul All Share Index dropped 4.4% at close, with the index posting its longest losing streak since 2020. Aramco fell 4% to the lowest since March 15. Still, the state-controlled oil firm is the world’s biggest listed entity with a market value of $2.17 trillion compared…


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