Saudi stocks dive after minister vows ‘painful’ virus measures | The Malaysian Insight

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Saudi stocks dive after minister vows ‘painful’ virus measures

A security guard at the entrance to the historic area of Jeddah, Saudi Arabia, recently. Oil income contributes to about 70% of public revenues for Riyadh. – EPA pic, May 3, 2020.

SAUDI shares tumbled today, a day after the finance minister announced “painful” measures to tackle the economic impacts of the coronavirus pandemic. The Tadawul stock market closed the day a huge 7.4% lower, as all but one of the 195 listed stocks on the Arab world’s largest bourse were in the red. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

 

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