Saudi Stocks Sink as Investors Price in a Wider Yemen War
5 Articles
5 Articles
Saudi and Egyptian stocks declined strongly as confrontations escalated in Yemen and fears of widening regional conflict, amid pressures on the Gulf markets, rising oil prices and Saudi Arabia's postponement of its main investment conference until 2027.
Saudi Arabia's main stock index hit its lowest level in more than five years on Sunday, a drop that has prompted calls for immediate intervention by the capital markets regulator as military tensions with Yemen escalate and economic concerns mount.
The Saudi stock market continued to decline at the beginning of the week's dealings, after overestimates failed to dispel investors' caution, amid rising geopolitical tensions and renewed concerns about the effects of rising oil prices on inflation and global interest. The main indicator of . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .…
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