Saudi stocks dip 3pc in first session after oil attack

Smoke is seen following a fire at an Aramco factory in Abqaiq September 14, 2019. — Reuters pic
Smoke is seen following a fire at an Aramco in Abqaiq September 14, 2019. — Reuters pic

RIYADH, Sept 15 — Saudi shares dropped 3 per cent at the start of trading today, the first session after drone attacks on two major oil facilities knocked out more than half the kingdom’s production.

The Arab world’s largest capital market shed some 200 points in the first few minutes after the opening bell, before regaining some of the losses.

The key energy sector plunged 4.7 per cent, while the telecom and sectors each slid 3 per cent. — AFP

Source: The Malay Mail Online





(Next News) »


Leave a Reply

Your email address will not be published. Required fields are marked as *

Time limit is exhausted. Please reload CAPTCHA.