Saudi Market Tumbles in Early Trade After Drone Attacks

Date: 21 November 2021 - 21:25

News ID: ۹۶۸۲۸

RIYADH (Reuters) – Saudi Arabia’s stock market fell sharply in early trade on Sunday, a day after Yemeni forces fired 14 drones at several Saudi Arabian cities, including at Saudi Aramco facilities in Jeddah. Saudi Arabia’s benchmark index (.TASI) dropped 1.6%, with Al Rajhi Bank (1120.SE) retreating 2.2% and Saudi Aramco (2222.SE) losing 1.6%. The oil giant was also under pressure after India’s Reliance Industries Ltd (RELI.NS) said on Friday it had decided with the Saudi company to reevaluate Aramco’s proposed roughly $15 billion investment in Reliance’s oil-to-chemicals (O2C) business.