The Saudi stock market witnessed a significant downturn, with a 6.78% drop on Sunday, marking its worst daily decline in five years. The slump was sparked by the imposition of new US trade tariffs, causing a ripple effect across global markets and raising concerns of a potential trade war. Notable sectors and key companies such as Aramco bore the brunt of the downturn, resulting in a market value loss exceeding half a trillion riyals.