Tadawul index tumbles 6%
The Tadawul index was 6.21 per cent lower to be at 7,062.98, with 183 stocks in the negative
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Dubai:
Saudi Arabia’s Tadawul index tumbled 6 per cent, extending its sell-off for another session.
The Tadawul index was 6.21 per cent lower to be at 7,062.98, with 183 stocks in the negative. Traded value came in at 2 billion Saudi riyals compared to last week’s 4 billion riyals.
The Tadawul index fell more than 4 per cent on Thursday, joining a sell-off that impacted global markets triggered by comments from Donald Trump, the US president on rapid rise in interest rates.
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