Saudi stock market plunges 6.78% in global market rout amid US trade tariffs, Aramco hit hard.
The Saudi stock market witnessed a significant downturn on Sunday, recording its biggest daily decline in five years with a 6.78% drop. The market turmoil was primar
The Saudi stock market witnessed a significant downturn on Sunday, recording its biggest daily decline in five years with a 6.78% drop. The market turmoil was primarily caused by the imposition of new trade tariffs by the United States, sparking concerns of a potential trade war and resulting in a global market sell-off. Notable sectors and companies such as Aramco were heavily impacted, with the overall market value plummeting by more than half a trillion riyals. The sharp decline in the Saudi stock market has raised anxieties among investors and analysts about the economic repercussions and stability of the region's financial market.