Saudi Bourse Continues to Suffer Biggest Fall in Drone Attacks Aftermath
RIYADH (Dispatches) – Saudi Arabia’s stock market had its biggest intraday fall in over a year on Monday as it extended losses from the previous session following retaliatory drone attacks by Yemeni forces. Yemeni army and popular forces on Saturday fired 14 drones at several Saudi Arabian cities, including at Saudi Aramco facilities in Jeddah. Saudi Arabia’s benchmark index (.TASI) fell 2.7%, its biggest intraday fall since Oct. 2020, with Al Rajhi Bank (1120.SE) down 4.5% and Saudi National Bank (1180.SE), the kingdom’s biggest lender, retreating 3.7%.